Sten Mortstedt, the executive chairman of CLS Holdings, has increased his stake in the property investor through his family and charity trust.
The purchase of 10,000 shares at 520p each cost £52,000 and took Mortstedt's stake to 53.14%. This purchase follows last week's tender offer at 625p a share when the trust sold 360,053 shares thereby raising £2.25m. The company spent £4m on the tender offer.
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
Underlying net assets per share were 768.4p at the end of June 2010. Interim profits climbed to £28.1m from £13.2m over the same period the previous year.
Mortstedt is from Sweden but he is a resident of Switzerland. He established CLS in 1987 and floated it in London in 1994.
Top Director Buys
CLS Holdings (CLI) Director name: Mr Sten MortstedtAmount purchased: 10,000 @ 520.00p Value: £52,000
Frenkel Topping (FEN) Director name: Mr David R SouthworthAmount purchased: 250,000 @ 5.00p Value: £12,500
Top Director Sells
General Electric (GEC) Director name: Mr Keith S. SherinAmount sold: 14,547 @ €12.40 Value: €180,314
General Electric (GEC) Director name: Mr John G. RiceAmount sold: 14,427 @ €12.40 Value: €178,827
General Electric (GEC) Director name: Mr Michael A. NealAmount sold: 11,454 @ €12.40 Value: €141,976
General Electric (GEC) Director name: Mr Pamela DaleyAmount sold: 3,194 @ €19.37 Value: €61,854
Aberdeen Asian Smaller Companies Inv Trust (AAS) Director name: Mr Alan KempAmount sold: 7,500 @ 603.50p Value: £45,262
-
5 ways your boss can help boost your pensionWorkplaces have a huge opportunity to make employees more aware of their pension options throughout their career – here’s how your employer can help boost your pot to help give you a more comfortable retirement
-
Car finance compensation: FCA warns drivers against using rip off claims firms for share of £18bnThe FCA estimates most eligible motorists will receive around £950 in compensation per agreement – and said they won’t need a claims management company or law firm to access a redress scheme
