Shaftesbury chief executive Jonathan Lane has invested a further £100,000 in the property investor.
Lane has bought 22,222 shares at 450p each. That takes his stake to 966,233 shares, which is worth £4.3m at the latest purchase price. Lane raised just over £99,000 from the sale of option shares last December.
The property company is focused on London's theatre-land district and in February it said demand for its properties has remained healthy since the end of September.
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The company said investment activity in London's West End is returning to more normal levels, with Shaftesbury playing its part, having bought properties at a total cost of £30m since October. The group expects a further increase in activity over the next 12 months.
Shaftesbury has tapped £486m of its £575m committed bank facilities. The average all-in cost of its bank debt at 31 January 2011 was 4.62%. Including its £61m of debenture borrowings, the overall cost of debt was 5%.
Top Director Buys
Shaftesbury (SHB) Director name: Mr Jonathan S LaneAmount purchased: 22,222 @ 450.00p Value: £99,999
Diploma (DPLM) Director name: Mr I HendersonAmount purchased: 25,000 @ 276.00p Value: £69,000
Development Securities (DSC) Director name: Mr Sarah BatesAmount purchased: 30,000 @ 203.00p Value: £60,900
SThree (STHR) Director name: Mr Clayton BrendishAmount purchased: 12,000 @ 421.90p Value: £50,628
CPP Group (CPP) Director name: Mr Duncan J McIntyreAmount purchased: 13,340 @ 297.00p Value: £39,620
Xchanging (XCH) Director name: Mr Nigel RichAmount purchased: 50,000 @ 63.73p Value: £31,865
International Ferro Metals Group (IFL) Director name: Mr Terence Vincent Coleman WillsteedAmount purchased: 100,000 @ 23.75p Value: £23,750
Innovation Group (TIG) Director name: Mr Jane HallAmount purchased: 124,924 @ 15.85p Value: £19,800
e-Therapeutics (ETX) Director name: Mr Steve SelfAmount purchased: 50,000 @ 36.50p Value: £18,250
Mediwatch (MDW) Director name: Mr Philip G StimpsonAmount purchased: 550,000 @ 2.60p Value: £14,300
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