Director dealings: Melrose Industries non-exec buys 17k shares

(Sharecast News) - Two prominent insider dealings disclosed to the market on Wednesday involved directors at FTSE 100 defence technology specialist Melrose Industries, and the AIM-traded Property Franchise Group.

At Melrose Industries, non-executive director Ian Barkshire purchased 17,000 shares at 442p each on 21 October.

The transaction marked his first acquisition of shares in the company, giving him a 0.0013% stake in its issued share capital, excluding treasury shares.

Melrose said the purchase was conducted on the open market in London.

At the Property Franchise Group, executive director Michelle Brook sold 150,000 shares at 415p apiece, also on 21 October.

The sale reduced her beneficial holding to 241,716 shares.

Like Barkshire's purchase, Brook's transaction took place on the London Stock Exchange.

Reporting by Josh White for Sharecast.com.

Top Director Buys

Melrose Industries (MRO) Director name: Barkshire,Ian Amount purchased: 17,000 @ 442.00p Value: £75,140.00

System1 Group (SYS1) Director name: Bona,Conrad Amount purchased: 2,305 @ 628.90p Value: £14,496.15

Montanaro European Smaller Companies Trust (MTE) Director name: Roxburgh,Caroline Amount purchased: 6,855 @ 145.00p Value: £9,939.75

Top Director Sells

Property Franchise Group (TPFG) Director name: Brook,Michelle Amount sold: 150,000 @ 415.00p Value: £622,500.01