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Director dealings: Former 888 CEO lowers stake

By Iain Gilbert

Date: Tuesday 16 Apr 2019

Director dealings: Former 888 CEO lowers stake

(Sharecast News) - 888 Holdings director Itai Frieberger disposed of 2m ordinary shares in the FTSE 250-listed gambling outfit.


Frieberger, who stood down as chief executive back in January after 15 years, sold the shares at an average price of 152p each, for a total value of £3.04m.

Following the sale, Frieberger still holds an interest in 3.51m ordinary shares, representing approximately 1% of the company's issued share capital.

888 reported a strong improvement in annual profits last month, despite UK regulatory pressures hitting revenue, and said "positive momentum" had continued into 2019.

Turnover dropped 2% to $529.9m in the past calendar year after UK revenue fell 16% to $170.6m due to "sweeping changes" made by the company amid increased regulatory pressures.

As of 1640 BST, 888 shares had picked up 1.95% to 156.60p.

Top Director Buys

Baillie Gifford US Growth Trust (USA)

Director name: Mr Tom Burnet

Amount purchased: 30,750 @ 129.41p

Value: £39,794



Baillie Gifford US Growth Trust (USA)

Director name: Mr Tom Burnet

Amount purchased: 30,750 @ 129.41p

Value: £39,794



DX (Group) (DX.)

Director name: Mr Russell Black

Amount purchased: 214,000 @ 14.00p

Value: £29,960



Aberdeen Diversified Income and Growth Trust (ADIG)

Director name: Mr James Long

Amount purchased: 17,326 @ 115.43p

Value: £19,999



Jersey Oil and Gas (JOG)

Director name: Mr Ronald John Lansdell

Amount purchased: 25,000 @ 68.80p

Value: £17,200



Saga (SAGA)

Director name: Mr Patrick O'Sullivan

Amount purchased: 30,000 @ 57.00p

Value: £17,100



Jersey Oil and Gas (JOG)

Director name: Mr Marcus John Gregory Stanton

Amount purchased: 15,000 @ 68.40p

Value: £10,260



Top Director Sells

888 Holdings (888)

Director name: Mr Itai Frieberger

Amount sold: 2,000,000 @ 152.00p

Value: £3,040,000

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