Galliford Try's Greg Fitzgerald builds stake

published 9 June 2011

Galliford Try's chief executive Greg Fitzgerald has added to his stake in the housebuilder and construction firm, splashing out more than £400,000.He took 83,675 shares at 487p a pop, and now has 748,285, nearly 1% of the company.Fitzgerald, 46, was head of Galliford's housebuilding division until 2005, when he became chief executive of the whole company.Galliford said it expects full year results to be 'significantly ahead' of market estimates and remains confident in its expansion plans during the next financial year. The company said it continues to benefit from the strong southern bias of its expansion plan. "Despite the background of challenging economic conditions in both the housebuilding and construction sectors, the housing market has exceeded our expectations throughout the spring selling season," Fitzgerald said.Galliford noted that improved market conditions had continued through the spring selling season, with sales rates substantially up on the first half and sales prices remaining stable. Top Director BuysGalliford Try (GFRD) Director name: Mr Greg FitzgeraldAmount purchased: 83,675 @ 487.00p Value: £407,497Findel (FDL) Director name: Mr Roger SiddleAmount purchased: 761,150 @ 6.54p Value: £49,779Top Director SellsGeneral Electric Co (GEC) Director name: Mr Keith S. SherinAmount sold: 8,730 @ €12.85 Value: €112,153Stanley Gibbons Group (SGI) Director name: Mr Michael Robert Montague HallAmount sold: 40,000 @ 195.00p Value: £78,000