Manchester and London Investment Trust Announces Director Shareholding Changes
Why we think this is neutral
The RNS announcement is a routine regulatory update regarding director/PDMR shareholding changes, which is a common occurrence for publicly traded companies. The information provided does not indicate any material impact on the company's performance or prospects.
Key Points
- M&L Capital Management Limited, a subsidiary of M&M Investment Company Limited, has purchased 42,000 ordinary shares in Manchester and London Investment Trust plc
- The transactions took place on 10 and 11 February 2025 at an average price of £7.60 per share
- The purchases were made on the London Stock Exchange
Summary
The investment trust announces a purchase of shares by a person closely associated with the investment manager.
Manchester and London Investment Trust plc has announced a notification of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them. M&L Capital Management Limited, a subsidiary of M&M Investment Company Limited (a person closely associated with Mark Sheppard, the investment manager), has purchased a total of 42,000 ordinary shares in the company on 10 and 11 February 2025 at an average price of £7.60 per share.
DIRECTOR DEALINGS