Intu Properties Deputy Chairman continues to build stake

21st Mar 2013 15:38

John Whittaker, the Deputy Chairman of Intu Properties, has continued to show his support for the company after it was relegated to the FTSE 250 by boosting his stake in the group to 20 per cent. In two separate transactions the well-known property mogul purchased 600,000 shares worth £1.98m and then a further 374,000 worth £1.24m. These followed a more modest transaction the previous week, when the director, who joined the board after selling the company the well-known Trafford Centre shopping mall, bought a stake worth £196,950. The company was this month demoted to the FTSE 250 after recent events, including the rebranding of its shopping centres and the placing of 86m shares to fund the acquisition of Midsummer Place Shopping Centre in Milton Keynes. Over a year the share price is down nearly 21%, equal to around 6.0p. Top Director BuysIntu Properties (INTU) Director name: Mr John Whittaker Amount purchased: 375,000 @ 330.89p Value: £1,240,838PureCircle Ltd. (DI) (PURE) Director name: Mr William MitchellAmount purchased: 50,000 @ 252.00p Value: £126,000Interserve (IRV) Director name: Mr Tim HaywoodAmount purchased: 11,393 @ 488.20p Value: £55,621Hydrogen Group (HYDG) Director name: Mr Stephen PuckettAmount purchased: 50,000 @ 97.00p Value: £48,500African Consolidated Resources (AFCR) Director name: Mr Michael KellowAmount purchased: 968,750 @ 3.00p Value: £29,062Charles Taylor (CTR) Director name: Mr David Gideon Marock Amount purchased: 15,000 @ 185.00p Value: £27,750African Consolidated Resources (AFCR) Director name: Mr Roy TuckerAmount purchased: 906,250 @ 3.00p Value: £27,188Enables IT Group (EIT) Director name: Mr Marcus YeomanAmount purchased: 55,000 @ 28.20p Value: £15,510Top Director SellsMicrogen (MCGN) Director name: Mr David SherriffAmount sold: 468,915 @ 118.00p Value: £553,320Microgen (MCGN) Director name: Mr Philip Wood ACAAmount sold: 126,934 @ 111.80p Value: £141,912Charles Stanley Group (CAY) Director name: Mr Philip Charles NathanAmount sold: 36,000 @ 374.72p Value: £134,899NR