Invista Real Estate Investment Management finance director Guy Eastaugh sold nearly one-third of his shares in the company the day after it announced that bid talks had ended.
Eastaugh sold 150,000 shares at 49p each, which raised £73,500. Prior to the announcement that the takeover talks had ended the shares were trading at around 57p each.
AIM-quoted Invista Real Estate is the largest quoted property fund manager. It invests in commercial and residential property in the UK, Europe and Asia Pacific. The company had £5.34bn of assets under management at the end of 2009, which was nearly £1bn lower than one year before.
Pre-exceptional profits more than halved to £11.1m in 2009, after revenues fell by one-quarter to £34.4m. Net debt is £10.3m.
Top Director Buys
Edinburgh Worldwide Inv Trust (EWI) Director name: Mr David A ColtmanAmount purchased: 10,000 @ 250.00p Value: £25,000
Edinburgh Worldwide Inv Trust (EWI) Director name: Mr David A ColtmanAmount purchased: 10,000 @ 247.50p Value: £24,750
Strontium (STTM) Director name: Mr Michael William MetcalfeAmount purchased: 127,250 @ 11.50p Value: £14,634
Strontium (STTM) Director name: Mr Colin Malcolm BrumptonAmount purchased: 127,250 @ 11.50p Value: £14,634
MS International (MSI) Director name: Mr Michael J BellAmount purchased: 10,000 @ 131.00p Value: £13,100
Top Director Sells
Xstrata (XTA) Director name: Mr Santiago ZaldumideAmount sold: 408,553 @ 1,161.00p Value: £4,743,300
Spectris (SXS) Director name: Mr James C WebsterAmount sold: 71,361 @ 813.00p Value: £580,172
Animalcare Group (ANCR) Director name: Mr Stephen WildridgeAmount sold: 155,000 @ 117.50p Value: £182,125
Rotork (ROR) Director name: Mr Stephen R. JonesAmount sold: 9,142 @ 1,357.00p Value: £124,057
Invista Real Estate Investment Management Holdings (INRE) Director name: Mr Guy Edward EastaughAmount sold: 150,000 @ 49.00p Value: £73,500
W H Ireland (WHI) Director name: Mr Lord MarlandAmount sold: 200,000 @ 30.00p Value: £60,000
InterContinental Hotels Group (IHG) Director name: Mr George TurnerAmount sold: 1,669 @ 950.91p Value: £15,871
