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Prices & Quotes - UK Markets - Mercantile Investment Trust (The) (MRC)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 269.00p
Change Today:
4.00p
Market Cap:
2,129.20m
Sector:
Equity Investment Instruments

FCAM Executive Chairman tops up his stake

Date: Thursday 17 May 2012

LONDON (ShareCast) - Edward Bramson, the Executive Chairman of F and C Asset Management, has increased his stake in the company with the purchase of 134,025 shares.

The shares were bought for an average of 67.60p each costing a total of 90,601.

Bramson became Executive Chairman in October of last year, before which he had been Chairman for around eight months.

On Tuesday the company revealed the details of the second phase of its strategic review, which is focusing on the growth for the Wholesale, Consumer (Retail Funds and Investment Trusts) and Property businesses.

The firm said Phase Two of its Strategic Review involves pursuing profitable growth for the Wholesale and Consumer businesses, "responding to customer needs in the advisory and self-directed channels and building on F&C's strengths in multi-manager products, direct marketing and its consumer brand awareness".

FCAM will also enhance and expand its direct marketing capability, currently supporting its investment trusts, to support a wider product range. In Property, the group is looking to improve the distribution of core products through all distribution channels and develop a pan-European product.

The week previous the company reported that it has seen strong investment returns in the first quarter offset by significant outflows of investor funds.

By the end of March assets under management (AUM) had increased to 101.8bn from 100.1bn at the end of December.

Top Director Buys

F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 134,025 @ 67.60p
Value: 90,601

Mercantile Investment Trust (The) (MRC)
Director name: Mr Jeremy Tigue
Amount purchased: 5,117 @ 970.00p
Value: 49,635

Computacenter (CCC)
Director name: Mr Greg Lock
Amount purchased: 12,673 @ 384.00p
Value: 48,664

NR

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MRC Market Data

Currency UK Pounds
Price 269.00p
Change Today 4.00p
52 Week High 280.50p
52 Week Low 169.00p
Volume 832,127
Shares Issued 791.52m
Market Cap 2,129.20m

Performance Indicators

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MRC Dividends

  Latest Previous
  Q1 Q4
Ex-Div 24-Jun-21 25-Mar-21
Paid 02-Aug-21 30-Apr-21
Amount 1.35p 2.65p

Trades for 22-Jun-2021

Time Volume / Share Price
16:35 149,489 @ 269.00p
16:23 4,000 @ 269.00p
16:20 648 @ 268.50p
16:20 873 @ 268.50p
16:20 391 @ 268.50p

MRC Key Personnel

Chair Angus Gordon Lennox