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.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Start your trial
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
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.
Latest Videos FromMoneyWeek
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
