LondonMetric directors up stake in company

8th Feb 2016 15:26

(ShareCast News) - A number of LondonMetric's directors have increased their stake in the property company as it continues to adjust its portfolio towards retail logistics and distribution. Investment director Valentine Beresford purchased the largest stake, buying 31,076 shares for just over £50,000. Strategy director Andrew Smith also bought 15,000 shares for £24,300.Meanwhile chief executive Andrew Jones through his wife Rosalind sold 20,000 shares for just over £32,000 but then repurchased them as well as an additional 5,000 shares for £40,500.Asset director Mark Stirling also did a similar thing, selling 45,000 shares held by him and his wife Karen for nearly £72,500.He then repurchased them in his name as well as an extra 5,000 shares for £80,850.The company on Wednesday announced a second interim dividend of 3.75p per share to be paid in early April, which will lift the full year dividend 3.6% on the previous year to 7.25p.During the weeks since 30 September, LondonMetric completed £75.6m of investment activity, with £92.7m of disposals across the retail and leisure portfolio including £10.2m for an Odeon Multiplex Cinema in Preston and £29.5m for three retail parks at Camborne, Haverhill and Bristol.It also made £31.2m of distribution acquisitions and a £18.2m distribution disposal.Top Director BuysLondonmetric Property (LMP)Director name: Stirling,MarkAmount purchased: 50,000 @ 161.70pValue: £80,850.00Londonmetric Property (LMP)Director name: Beresford,ValentineAmount purchased: 31,076 @ 160.90pValue: £50,001.28Londonmetric Property (LMP)Director name: Jones,AndrewAmount purchased: 25,000 @ 162.00pValue: £40,500.00Booker Group (BOK)Director name: Hughes,Gary WAmount purchased: 20,000 @ 168.30pValue: £33,660.00Third Point Offshore Investors Ltd. Gbp Shares (TPOG)Director name: Legg,Christopher F LAmount purchased: 3,000 @ $14.02Value: $29,612.773i Group (III)Director name: Thompson,Simon RAmount purchased: 6,128 @ 419.86pValue: £25,729.02Northgate (NTG)Director name: Contreras,Bob (Robert)Amount purchased: 6,000 @ 337.68pValue: £20,260.80Minds + Machines Group Limited (di) (MMX)Director name: Elliott,GuyAmount purchased: 230,000 @ 8.41pValue: £19,343.00North Midland Construction (NMD)Director name: Langman,Andrew David Amount purchased: 13,349 @ 113.20pValue: £15,111.073i Group (III)Director name: Verluyten,MartineAmount purchased: 3,000 @ 419.86pValue: £12,595.803i Group (III)Director name: Asquith,JonathanAmount purchased: 3,000 @ 419.86pValue: £12,595.803i Group (III)Director name: Hutchison,DavidAmount purchased: 3,000 @ 419.86pValue: £12,595.803i Group (III)Director name: Grosch,PeterAmount purchased: 1,249 @ 419.86pValue: £5,244.05Baillie Gifford Shin Nippon (BGS)Director name: Donaldson,Michael NeilAmount purchased: 334 @ 447.50pValue: £1,494.65B.p. Marsh & Partners (BPM)Director name: Topping ,Daniel Amount purchased: 759 @ 154.65pValue: £1,173.79Close Brothers Group (CBG)Director name: Prebensen,PrebenAmount purchased: 12 @ 1,246.00pValue: £149.52Minds + Machines Group Limited (di) (MMX)Director name: Salazar ,Michael Amount purchased: 50 @ 8.50pValue: £4.25Top Director SellsLondonmetric Property (LMP)Director name: Stirling,MarkAmount purchased: 45,000 @ 161.10pValue: £72,495.00Londonmetric Property (LMP)Director name: Jones,AndrewAmount purchased: 20,000 @ 161.30pValue: £32,260.00North Midland Construction (NMD)Director name: Langman,Andrew David Amount purchased: 13,453 @ 113.00pValue: £15,201.89