F&C Asset Management chairman Edward Bramson's interests have been consistently buying shares in the past week, while F&C chief executive Alain Grisay has made a significant disposal.
Bramson was appointed chairman of F&C last month after a shareholder coup but his investment vehicle SIGA LP had to wait until after F&C's 2010 figures were published before it could buy more shares. SIGA owns just over 18% of F&C. SIGA uses funds supplied by AIM-quoted Sherborne Investors to invest in F&C.
The latest purchase is 180,000 shares at 78.58p each, a total cost of £141,000. This is the fifth day running that there has been a buying announcement from SIGA, which has invested £680,000 in F&C shares in the past week.
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In contrast, F&C chief executive Alain Grisay sold 1m shares earlier this week. The disposal at 77.12p a share, raised £771,000 for Grisay.
Belgium-born Grisay retains 500,000 shares plus other shares in company share plans. There was speculation that Grisay might be replaced as F&C boss after the shareholder rebellion but Bramson has yet to make any significant comments about future strategy.
Top Director Buys
F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 180,000 @ 78.58p Value: £141,444
Goldenport Holdings Inc. (GPRT) Director name: Capt Paris DragnisAmount purchased: 80,334 @ 111.75p Value: £89,773
Aminex (AEX) Director name: Mr Brian A HallAmount purchased: 674,295 @ 8.00p Value: £53,944
Aminex (AEX) Director name: Mr Keith Phair Amount purchased: 464,422 @ 8.00p Value: £37,154
Goldenport Holdings Inc. (GPRT) Director name: Mr Konstantinos KabanarosAmount purchased: 31,631 @ 111.75p Value: £35,348
United Utilities Group (UU.) Director name: Dr Catherine BellAmount purchased: 5,000 @ 557.52p Value: £27,876
Ascent Resources (AST) Director name: Mr Jeremy EngAmount purchased: 473,518 @ 5.25p Value: £24,860
Vodafone Group (VOD) Director name: Mr Luc VandeveldeAmount purchased: 12,171 @ 170.03p Value: £20,694
IS Solutions (ISL) Director name: Mr Peter EnglishAmount purchased: 50,000 @ 39.50p Value: £19,750
Zytronic (ZYT) Director name: Mr David John Buffham Amount purchased: 5,000 @ 207.92p Value: £10,396
Top Director Sells
Computacenter (CCC) Director name: Mr Michael J NorrisAmount sold: 223,930 @ 418.90p Value: £938,043
Computacenter (CCC) Director name: Mr Francis Anthony ConophyAmount sold: 136,364 @ 418.90p Value: £571,229
Spirax-Sarco Engineering (SPX) Director name: Mr Mark VernonAmount sold: 18,919 @ 1,870.92p Value: £353,959
Aegis Group (AGS) Director name: Mr Jerry BuhlmannAmount sold: 96,033 @ 137.75p Value: £132,285
CRH (CRH) Director name: Mr Albert ManifoldAmount sold: 7,100 @ €15.18 Value: €107,778
Xstrata (XTA) Director name: Mr David RoughAmount sold: 2,250 @ 1,342.00p Value: £30,195
Investec (INVP) Director name: Mr David MillerAmount sold: 6,250 @ 449.00p Value: £28,062
Future (FUTR) Director name: Mr John R BowmanAmount sold: 80,000 @ 26.50p Value: £21,200
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