Progressive Digital's Danson in buying mood
A round-up of the biggest director buys today so far.
News that the chairman and chief executive of Progressive Digital Media Group have splashed out more than £400,000 on shares sent the digital marketing firm the right way Tuesday.
Chairman Mike Danson added 2.2m shares to his stake, which now approaches 316m, or 85.5% of the business.
The purchase at 12.5p a share cost the publishing entrepreneur nearly £277,000, leaving his total holding worth almost £43m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Simon Pyper was also in spending mood. The chief executive picked up 1.2m shares at the same price, setting him back £150,000.
Danson bought TMN Group, a quoted company in which he had a 28% stake, in June. He injected some his own businesses and changed the name to Progressive.
He made his money from the £502m sale of the research company he founded, Datamonitor, to business publisher Informa in 2007. That's said to have netted him over £80m.
Earlier this year, he took full control of the New Statesman magazine from Labour MP Geoffrey Robinson, buying the remaining 50% he didn't own for an undisclosed sum.
Top Director Buys
Value: £276,625
Value: £159,919
Value: $143,341
Value: $143,341
Value: $143,341
Value: $143,341
Value: £61,900
Value: £30,950
Value: £15,475
Value: £22,750
Top Director Sells
Value: £193,410
Value: £69,759
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Skipton launches a retirement bond with monthly income – is it any good?
The building society has launched a new three-year fixed-rate bond for those aged 66 and over. Can it boost your retirement income?
By Katie Williams Published
-
Pensions: 140,000 pensioners to be hit by surprise tax demand
Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds
By Chris Newlands Published