Capital reinvestment by chief exec

9th Aug 2010 16:40

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. The NAV was 138p a share at the end of June 2010. Hawksworth joined Capital & Counties in 2006.Top Director BuysCapital & Counties Properties (CAPC) Director name: Mr Ian HawksworthAmount purchased: 87,840 @ 112.99p Value: £99,250Consort Medical (CSRT) Director name: Mr George KennedyAmount purchased: 10,000 @ 381.00p Value: £38,100Top Director SellsNews Corp A (NCRA) Director name: Mr David DeVoeAmount sold: 51,317 @ $14.35 Value: $736,399News Corp A (NCRA) Director name: Mr David DeVoeAmount sold: 44,103 @ $14.35 Value: $632,878Fuller Smith and Turner (FSTA) Director name: Mr M J TurnerAmount sold: 34,617 @ 555.50p Value: £192,297Fuller Smith and Turner (FSTA) Director name: Mr Richard FullerAmount sold: 11,868 @ 555.50p Value: £65,927