Law Debenture's Smith opens account

Law Debenture Corp is at its highest in over six months on a good day for the markets and as non executive director Christopher Smith bought his first shares in the provider of services such as corporate and pension trusts.

Smith, managing director - corporate finance at JP Morgan Cazenove until his retirement at the end of 2008, paid almost £61,000, or 243.6p each, for 25,000 shares in the firm which is also a global investment trust.

Shares in the UK mid-cap hit 250p Tuesday, 20% higher than they were a month ago, nearly 40% better over two months and the best they've been since October last year.

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At the end of March, the investment trust had most of its money in the UK (70.4%) and just under 14% in Europe.

Top Director Buys

Value: $159,998

Value: £60,900

Value: £29,970

Value: £44,000

Value: £38,430

Top Director Sells

Value: £163,104

Value: £31,550

Value: £25,980

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