Fidessa chairman reinvests past sale proceeds

A round-up of the biggest director deals today so far.

Fidessa chairman John Hamer has invested £327,000 in the financial software provider having sold shares last June for more than £3 a share less than his latest buying price.

Hamer bought 20,000 shares at £16.35 each. This takes his stake to 35,594 shares. He has bought these shares early enough to receive the special dividend of 45p a share, as well as the final of 22p a share, declared in February. The shares go ex-dividend on 11 May. That means that Hamer will receive £13,400 in dividends than he would have done prior to the purchase. Last June, Hamer raised £3.38m by selling 260,000 shares at £13 each. This disposal was timed to beat any changes in capital gains tax and at the time Hamer said that he would reinvest some of the cash in Fidessa shares at a future date.

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