The wife of a Big Yellow non-executive director has sold £1.56m worth of shares in the self storage business.
Deborah Burks, the wife of Philip Burks, sold 500,000 shares at an average price of 311.8p a share between 24 September and 29 September. This cuts Burks' stake to 4.67%.
Burks was the fourth largest shareholder but following the sale he has slipped to fifth largest. He was a co-founder of Big Yellow in 1998 and he was the group property director until March 2007.
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Annualised store revenue, for the 51 wholly owned stores, rose 9% to £59.8m to June 2010. Total store revenue was £14.4m for the quarter to June 2010, up 10% from the same quarter last year.
Big Yellow is reporting its interim figures on 22 November.
Top Director Buys
Eurovestech (EVT) Director name: Mr Richard BernsteinAmount purchased: 1,250,000 @ 12.25p Value: £153,125
Workspace Group (WKP) Director name: Mr Anthony (Tony) J HalesAmount purchased: 500,000 @ 21.25p Value: £106,250
CLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 10,000 @ 507.00p Value: £50,700
Indian Energy (IEL) Director name: Mr John WallingerAmount purchased: 96,774 @ 31.00p Value: £30,000
Eurovestech (EVT) Director name: Mr Jean-Michel PetitAmount purchased: 163,265 @ 12.25p Value: £20,000
Indian Energy (IEL) Director name: Mr Martyn Henley-RousselAmount purchased: 64,516 @ 31.00p Value: £20,000
Aberdeen All Asia Inv Trust (ABAA) Director name: Mr Robert JenkinsAmount purchased: 5,000 @ 290.00p Value: £14,500
Cenkos Securities (CNKS) Director name: Mr Jeffrey HewittAmount purchased: 10,000 @ 106.00p Value: £10,600
Top Director Sells
Big Yellow Group (BYG) Director name: Mr Philip BurksAmount sold: 500,000 @ 311.80p Value: £1,559,000
Eurovestech (EVT) Director name: Mr Richard GroganAmount sold: 1,000,000 @ 12.25p Value: £122,500
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