Capital reinvestment by chief exec
A round-up of the biggest director deals today so far.
Ian Hawksworth has used cash raised from the sale of options exercised in Capital Shopping Centres to reinvest in Capital & Counties Properties.
Hawksworth, who is chief executive of Capital & Counties, bought 87,840 shares at 112.99p each. That cost just over £99,000 and took his stake in the central London property investor to 282,752 shares.
Capital & Counties demerged from Capital Shopping Centres at the end of May 2010. There was a distribution of one Capital & Counties share for each share held in Capital Shopping Centres. The capital distribution was deemed to be worth 119.25p a share, so the share price has fallen back since then.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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
The NAV was 138p a share at the end of June 2010.
Hawksworth joined Capital & Counties in 2006.
Top Director Buys
Capital & Counties Properties (CAPC) Director name: Mr Ian HawksworthAmount purchased: 87,840 @ 112.99p Value: £99,250
Consort Medical (CSRT) Director name: Mr George KennedyAmount purchased: 10,000 @ 381.00p Value: £38,100
Top Director Sells
News Corp A (NCRA) Director name: Mr David DeVoeAmount sold: 51,317 @ $14.35 Value: $736,399
News Corp A (NCRA) Director name: Mr David DeVoeAmount sold: 44,103 @ $14.35 Value: $632,878
Fuller Smith and Turner (FSTA) Director name: Mr M J TurnerAmount sold: 34,617 @ 555.50p Value: £192,297
Fuller Smith and Turner (FSTA) Director name: Mr Richard FullerAmount sold: 11,868 @ 555.50p Value: £65,927
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
-
Revolut finally bags a UK banking licence – what's next for the fintech?
Revolut has finally been granted a UK banking licence following three years of negotiations with the regulator
By Kalpana Fitzpatrick Published
-
Could Labour impose a “double death tax” of more than 50%?
Speculation is mounting that capital gains tax will be reformed in the Budget - and one option is to charge bereaved families the tax on top of inheritance tax. We explain how it could work
By Ruth Emery Published