Diane Roberts, the wife of British Land finance director Graham Roberts, has raised more than £1m by selling more than three-quarters of the couple's stake in the property investor.
She sold 191,780 shares at 562.8p each, which raised £1.08m. The couple are left with 50,464 shares in British Land.
Roberts has been finance director for nine years after joining from Arthur Andersen. Lucinda Bell, who is Roberts' deputy, will become finance director from 24 May and Roberts will leave the board at the end of June.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Bell has worked for British Land for 20 years and she was on the working party that developed the REIT structure.
Top Director Buys
Ruukki Group (DI) (RKKI) Director name: Mr Chris PointonAmount purchased: 40,000 @ 154.50p Value: £61,800
CPP Group (CPP) Director name: Mr Charles Henry GregsonAmount purchased: 16,000 @ 305.00p Value: £48,800
Cobham (COB) Director name: Mr Warren G TuckerAmount purchased: 14,404 @ 228.99p Value: £32,984
Cobham (COB) Director name: Mr Andrew StevensAmount purchased: 10,559 @ 228.99p Value: £24,179
Aberforth Geared Income Trust (AGIT) Director name: Mr Graham R MenziesAmount purchased: 20,000 @ 107.50p Value: £21,500
Cupid (CUP) Director name: Mr George Reginald ElliottAmount purchased: 11,000 @ 128.00p Value: £14,080
e-Therapeutics (ETX) Director name: Mr Steve SelfAmount purchased: 26,677 @ 37.50p Value: £10,004
Top Director Sells
British Land Co (BLND) Director name: Mr Graham C RobertsAmount sold: 191,780 @ 562.80p Value: £1,079,338
Rio Tinto (RIO) Director name: Mr Guy R ElliottAmount sold: 7,097 @ 3,953.30p Value: £280,566
DS Smith (SMDS) Director name: Mr Stephen William DrydenAmount sold: 38,161 @ 204.50p Value: £78,039
Travis Perkins (TPK) Director name: Mr John P CarterAmount sold: 7,743 @ 985.50p Value: £76,307
-
Nationwide set to pay loyalty bonus to members againThe building society paid a £100 bonus to 3.4 million customers last year. It is “hoping” to make another payment this year. We look at what could be announced.
-
British ISA : what assets will it include?Advice A Treasury consultation on the new British ISA is set to close in two weeks. We reveal the latest rumours of what will be allowed in the tax wrapper
