Safestore chief executive locks up some cash
A round-up of the biggest director deals today so far.
Safestore's chief executive Peter Gowers has made his first deposit since joining the self storage company in February, spending more than £100,000.
He took 100,000 shares at 105p a time.
Gowers is a former chief executive of Holiday Inn owner InterContinental Hotels Group's Asia Pacific division.
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Safestore last month revealed a 5.4% increase in third quarter revenue but it remains cautious about the fragile economic conditions and the potential impact on consumer confidence.
The group said it was likely to see higher levels of vacancies over the next two quarters following strong occupancy growth in the third quarter.
Revenue for the quarter ended 31 July 2011 was £24.1m, up 5.4% over the same quarter in 2010 and up 7.3% from the second quarter.
Top Director Buys
TVC Holdings (TVCH)
Director name: Mr Shane Reihill
Amount purchased: 725,000 @ 60.80p
Value: £440,800
Safestore Holdings (SAFE)
Director name: Mr Peter Gowers
Amount purchased: 100,000 @ 105.00p
Value: £105,000
Ashmore Group (ASHM)
Director name: Mr Melda Donnelly
Amount purchased: 20,000 @ 394.42p
Value: £78,884
EnQuest (ENQ)
Director name: Dr James Buckee
Amount purchased: 50,000 @ 90.75p
Value: £45,375
Taylor Wimpey (TW.)
Director name: Mr Mike Hussey
Amount purchased: 75,000 @ 35.50p
Value: £26,625
Daily Mail and General Trust (DMGT)
Director name: Mr Padraic M Fallon
Amount purchased: 4,000 @ 587.25p
Value: £23,490
Zenergy Power (ZEN)
Director name: Mr Simon Cleaver
Amount purchased: 400,000 @ 5.84p
Value: £23,360
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