Real Estate Investors chief ups stake to 22%
A round-up of the biggest director deals today so far.
Real Estate Investors (REI) chief executive Paul Bassi spent £270,000 adding to his stake in the company, the property investment firm said today.
Bassi took 3m shares at 9p a go and now has more than 75m shares, or around 22% of the AIM-listed company. He bought the shares from chairman Peter Lewin, who consequently now has 5.85m shares.
Bassi has been steadily building up his stake in the West Bromwich-based firm, which invests in commercial properties in the West Midlands and elsewhere in the UK. In several transactions over the past year he has paid less each time, in line with the gradual fall in REI's share price following the onset of the credit crunch.
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Back in June 2007, he paid 12p a share for 10m shares.
Bassi is a long established Midlands based property investor. He is also a director of the Birmingham Hippodrome theatre.
Top Director Buys
Real Estate Investors (RLE)
Director name: Mr Paul Bassi
Amount purchased: 3,000,000 @ 9.00p
Value: £270,000
Africa Opportunity Fund (AOF)
Director name: Mr Robert C Knapp
Amount purchased: 260,000 @ $0.93
Value: $241,800
SABMiller (SAB)
Director name: Mr Miles Quintin Morland
Amount purchased: 10,000 @ 1,280.00p
Value: £128,000
Close Brothers Dev (CBD)
Director name: Mr Andrew Phillipps
Amount purchased: 123,000 @ 82.00p
Value: £100,860
Smurfit Kappa Group (SKG)
Director name: Mr Sean FitzPatrick
Amount purchased: 16,800 @ € 5.94
Value: € 99,792
Jardine Strategic (Singapore) (JDS)
Director name: Mr C M Allen Jones
Amount purchased: 5,000 @ $18.98
Value: $94,900
AssetCo (ASTO)
Director name: Mr Frank Flynn
Amount purchased: 25,000 @ 176.50p
Value: £44,125
Aurora Investment Trust (ARR)
Director name: Mr M J Barstow
Amount purchased: 25,000 @ 169.80p
Value: £42,450
Sportingbet (SBT)
Director name: Mr Sean O'Connor
Amount purchased: 100,000 @ 34.00p
Value: £34,000
Hutchison China Meditech (HCM)
Director name: Mr Michael Howell
Amount purchased: 25,000 @ 122.00p
Value: £30,500
Top Director Sells
Aegis Group (AGS)
Director name: Mr Jerry Buhlmann
Amount sold: 142,000 @ 123.60p
Value: £175,512
Aegis Group (AGS)
Director name: Mr Jerry Buhlmann
Amount sold: 142,000 @ 123.60p
Value: £175,512
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