Sharewatch: Stobart directors use shares as collateral

TWO directors at transport group Stobart have used significant shareholdings as security against loans.

Chief executive Andrew Tinkler has used nearly a quarter of his 30.4 million shares in the group while director William Stobart has put up 2.7 million shares, a quarter of his stake, as security.

A brief statement by the company, which has significant operations in Carlisle and Warrington, said both arrangements related to personal loans.

Shares in the group are trading at around 128p valuing the men’s security at £9.3m and £3.4m respectively.

Meanwhile non-executive Daniel Dayan has bought 40,000 shares in the business.