Vodafone bosses buy company shares after Liberty Global deal called off

LONDON (ShareCast) - (ShareCast News) - While Liberty Global may have lost interest in a deal with Vodafone, its management team certainly has more of an interest after the CEO and CFO purchased shares in the group. The telecommunications giant announced on Monday that it is no longer in discussions with Liberty Global (NasdaqGS: LBTYA - news) regarding a possible exchange of selected assets between the two companies. That sent the share price plunging.

But while investors may have lost a bit of confidence, Vodafone chief executive Vittario Colao and chief financial officer Nick Read have publicly backed the company by purchasing 260,000 and 180,000 shares respectively.

Meanwhile, IG Group Holdings ' Christopher Hill has dumped nearly half his stake in the company. The chief financial officer sold 38,524 shares, taking home a nice bonus of just over £0.3m.

Top Director Buys Vodafone Group (NasdaqGS: VOD - news) (VOD) Director name: Mr Vittario Colao Amount purchased: 260,000 @ 209.05p Value: £543,530 Vodafone Group (VOD) Director name: Mr Nick Read Amount purchased: 180,000 @ 209.05p Value: £376,290 Horizonte Minerals (LSE: HZM.L - news) (HZM) Director name: Dr. Owen Bavinton Amount purchased: 2,000,000 @ 2.00p Value: £40,000 BlackRock Commodities Income Inv Trust (BRCI) Director name: Dr Carol Bell Amount purchased: 33,500 @ 58.20p Value: £19,497 Fidelity Special Values (FSV) Director name: Mr Nigel Foster Amount purchased: 10,000 @ 193.18p Value: £19,318 Flowgroup (FLOW) Director name: Ms Clare Spottiswoode Amount purchased: 143,500 @ 10.60p Value: £15,211 Personal Group Holdings (PGH) Director name: Mr Mike Dugdale Amount purchased: 2,910 @ 522.60p Value: £15,208 Top Director Sells IG Group Holdings (IGG (HKSE: 8002.HK - news) ) Director name: Mr Christopher Hill Amount sold: 38,524 @ 779.00p Value: £300,102