DIRECTOR DEALINGS SUMMARY: Forbidden Technologies CEO Buys Amid Loss

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LONDON (Alliance News) - The following is a summary of director dealings reported in London on Thursday.
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Forbidden Technologies said Chief Executive Officer Ian McDonough bought 762,862 shares at a price of 5.24 pence per share on Thursday.

The purchase is McDonough's only holding in the cloud-based video technology firm.

Forbidden Technologies on Thursday reported a widened loss for the first half of 2017 as invoiced sales fell, but deferred revenue increased, with the company seeing a pipeline of larger deals but at slower conversion rates. Forbidden reported a pretax loss of GBP1.7 million for the half year to the end of June, compared to GBP1.3 million the prior year, as revenue fell slightly to GBP316,000 from GBP327,000.

Forbidden said the resignation of Chief Executive Officer Aziz Musa in February hit commercial capacity due to his focus on global sales. The company then hired McDonough in early September after a lengthy search in which the company was without a CEO, a period in which it was able to secure new contracts, but not to the level it would have hoped, it said.

Shares in the cloud-based video technology company closed down 17% at 5.50p Thursday.
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Numis Corp said its new chairman, Alan Carruthers, bought his first shares in the institutional stockbroker and corporate advisor. Carruthers bought 25,000 shares at 270.5 pence each on Wednesday, which is his only holding. The broker in March announced the appointment of Carruthers as its new non-executive chairman to replace Gerald Corbett, who previously had stepped down. Carruthers brought 27 years of experience in equity markets to the role. During his career, Carruthers has held the positions of head of global sales trading at Morgan Stanley between 1996 and 2003, global head of equities at Cazenove between 2033 and 2010, and head of Europe, the Middle East and Africa cash equities at JP Morgan Cazenove between 2010 and 2011. The stock closed down 0.3% at 271.50p Thursday.
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FTSE 100-listed Sage Group said Blair Crump, president of Sage, bought 7,500 shares at a price of 698.75 pence per share Wednesday. Crump also had bought 7,500 shares at 697.06p each on Tuesday. The purchases are his only holding. Shares in the accounting software firm closed up 2.1% at 716.50p Thursday.
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Wilmington said Non-Executive Director Derek Carter bought 15,000 shares at a price of 216 pence per share Wednesday. Following this transaction, Cater now holds 25,000 shares. Wilmington said on Wednesday it turned to profit in its recent financial year, though organic revenue decreased as problems surrounding its AMT financial training services persisted. Wilmington - which provides information, education and networking services to various financial and legal industries - said revenue for the year to the end of June rose 14% to GBP120.3 million from GBP105.7 million a year earlier. The stock closed flat at 215.00p Thursday.
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Molins said Non-Executive Director Andrew Kitchingman bought 6,451 shares at a price of 155 pence per share Tuesday. The purchase is his only holding. Shares in the packaging solutions group closed up 1.1% at 162.30p Thursday.
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Franchise Brands said Chief Financial Officer Chris Dent bought 15,000 shares at a price of 64.5 pence per share Thursday. The purchase is Dent's only holding after joining the company in July. Shares in the consumer brand franchiser closed down 11% at 62.00p Thursday.
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Frontier Developments said Ann Cotton, wife of Non-Executive Director Charles Cotton, purchased 3,700 shares at 1,350.00 pence per share Thursday. Following this transaction, the Cottons are interested in a total of 139,669 shares. Shares in the video games developer we closed down 0.8% at 1,200.00p Thursday.
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Ultra Electronics Holdings said Chief Executive Rakesh Sharma bought 554 shares at 1,793.34 pence each on Tuesday. The total transaction value was GBP9,935. Shares in Ultra Electronics closed up 1.6% at 1,766.62 pence Thursday.
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Majestic Wine said Eamon Fitzgerald, managing director of Naked Wines UK, sold 3,805 shares for a price of GBP3.20 each on Wednesday. Fitzgerald's remaining holding was not disclosed. Shares in the wine retailer closed down flat at 322.00 pence on Thursday.
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Standard Chartered said two executives sold shares in the group on Wednesday. Chief Operating Officer Doris Honold sold 24,530 shares at a price of GBP7.57024 each. Tracy Clarke, regional chief executive officer for Europe and Americas, sold 23,244 shares at GBP7.478 each. Clarke's and Honold's remaining shareholdings were not disclosed. Shares in the emerging markets-focused bank closed down 0.8% at 750.67 pence on Thursday.
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Cape said Chief Financial Officer Michael Speakman sold 83,089 shares to Altrad UK, an arm of French construction equipment manufacturer Altrad, for a price of 265.00 pence each on September 8. In addition, Jane Oatley, wife of chief executive officer Joe Oatley, sold 123,226 shares to Altrad at a price of 265.00 pence per share on September 8. Speakman's and Oatley's remaining shareholding was been disclosed. Altrad UK is in the process of acquiring Cape. On Tuesday, Altrad UK said it had secured acceptances from Cape shareholders with a combined 77.83% stake in regards to its takeover offer for GBP332.3 million, or 265.00 pence per share. Altrad has passed the 75% threshold needed to delist Cape from the London Main market, which will take place on October 9. Shares in the industrial services provider for energy and natural resource sectors closed up 0.2% at 265.00 pence.
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James Cropper said that Suzanne Watson, wife of chief operating officer Dave Watson sold 1,110 shares at a price of 1,900.0 pence each on Thursday. Watson's remaining shareholding in the company has not been disclosed. Shares in the advanced materials and specialist paper manufacturer closed up 3.0% at 1,970.00 pence on Thursday.
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By Dayo Laniyan; [email protected] and Arvind Bhunjun; [email protected]; @ArvindBhunjun

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