Stacey Rauch, a non-executive director of FTSE 100 property firm Land Securities, has purchased £40,950-worth of shares in the company.
Rauch, 53, only joined the board at the start of this month, and the transaction marks her first take up of shares in the firm.
The purchase was made on January 24th, the same day as the group's third quarter update, which covers the final three months of 2011, was announced.
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The results revealed that total property sales in the quarter were £104m at 1.9% below March 2011 valuations and at an average yield of 7.6%.
Total investment in the quarter reached £89.1m, including capital expenditure on developments of £51.1m and acquisitions of £11.1m. The acquisitions were at an average yield of 1.4%.
On the same day the company also revealed that chief executive officer Francis Salway will be succeeded by Robert Noel, currently Managing Director of the London Portfolio, at the end of March.
The company's share price is roughly at the same level it was this time last year, but up more than 11% over the last month.
Top Director Buys
Pacific Alliance Asia Opportunity Fund Ltd. (PAX)
Director name: Mr Christopher M Gradel
Amount purchased: 151,000 @ $1.15
Value: $173,650
Stobart Group Ltd. (STOB)
Director name: Mr David Milton Maxwell Beever
Amount purchased: 41,061 @ 121.77p
Value: £50,000
Land Securities Group (LAND)
Director name: Ms Stacey Rauch
Amount purchased: 6,000 @ 682.50p
Value: £40,950
Sanderson Group (SND)
Director name: Mr David Gutteridge
Amount purchased: 100,000 @ 35.00p
Value: £35,000
Pivot Entertainment Group (PVT)
Director name: Mr David Stoller
Amount purchased: 150,000 @ 16.50p
Value: £24,750
Sanderson Group (SND)
Director name: Mr Philip Kelly
Amount purchased: 30,000 @ 34.50p
Value: £10,350
Top Director Sells
XP Power Ltd. (DI) (XPP)
Director name: Mr David Hempleman Adams
Amount sold: 1,725 @ 1,038.85p
Value: £17,920
