Pearl Group director Hugh Osmond has invested nearly £119,000 on buying 13,550 shares. Specialist closed fund operator Pearl gained a secondary listing on the Main Market of the London Stock Exchange on 17 November. No new shares were issued but Pearl hopes to attract additional institutional investors.
The primary listing is on NYSE Euronext. The shares were acquired on the Amsterdam exchange for €9.70 each.
Osmond, who was responsible for floating Pizza Express, pubs operator Punch Group and a number of other companies, owns 0.57% of Pearl. He has been a director of Pearl for five years.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Get 6 issues 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
Pearl has assets under management of £70.7bn at the end of September 2009. The life companies operated by Pearl include Phoenix Life, National Provident and Scottish Mutual.
Pearl generated cash from operations of £508m in the nine months to September 2009. Management is continuing to improve the operating performance of the businesses.
The Insurance Groups Directive surplus is £1.2bn, which represents 135% coverage of regulatory requirements.
Top Director Buys
Pearl Group (PRLG) Director name: Mr Hugh OsmondAmount purchased: 13,550 @ 875.06p Value: £118,571
Development Securities (DSC) Director name: Mr Matthew WeinerAmount purchased: 20,000 @ 275.00p Value: £55,000
Mwana Africa (MWA) Director name: Mr Donald McAlisterAmount purchased: 200,000 @ 14.80p Value: £29,600
GB Group (GBG) Director name: Mr Dick LinfordAmount purchased: 100,000 @ 19.50p Value: £19,500
Creston (CRE) Director name: Mr Malcolm WallAmount purchased: 24,453 @ 77.00p Value: £18,829
Brunner Inv Trust (BUT) Director name: Mr Ian Barlow Amount purchased: 4,000 @ 364.00p Value: £14,560
Datatec Ltd. (DI) (DTC) Director name: Mr Jens P MontananaAmount purchased: 5,000 @ 219.75p Value: £10,988
Greencore Group (GNC) Director name: Mr Gary KennedyAmount purchased: 7,701 @ € 1.35 Value: € 10,396
Top Director Sells
Immunodiagnostic Systems (IDH) Director name: Mr David EvansAmount sold: 154,286 @ 605.00p Value: £933,430
Immunodiagnostic Systems (IDH) Director name: Mr Paul HailesAmount sold: 137,539 @ 605.00p Value: £832,111
Immunodiagnostic Systems (IDH) Director name: Mr Anthony 'Tony' WilksAmount sold: 133,446 @ 605.00p Value: £807,348
Immunodiagnostic Systems (IDH) Director name: Mr Roger DugganAmount sold: 80,357 @ 605.00p Value: £486,160
Dimension Data Holdings (DDT) Director name: Mr Jeremy OrdAmount sold: 262,200 @ 74.00p Value: £194,028
Dimension Data Holdings (DDT) Director name: Mr Brett DawsonAmount sold: 209,760 @ 74.00p Value: £155,222
Dimension Data Holdings (DDT) Director name: Mr Stephen JoubertAmount sold: 186,960 @ 74.00p Value: £138,350
James Halstead (JHD) Director name: Mr Gordon OliverAmount sold: 21,700 @ 540.00p Value: £117,180
Dimension Data Holdings (DDT) Director name: Mr Patrick QuarmbyAmount sold: 157,320 @ 74.00p Value: £116,417
Dimension Data Holdings (DDT) Director name: Mr David SherriffsAmount sold: 93,480 @ 74.00p Value: £69,175
Review: Trisara, Phuket – a feast for the senses in Thailand
Expecting an inheritance? Don’t – only a fifth of Boomers plan to part with their cash
