CLS Executive Chairman sells by tender 368,000 shares
Tue 02 Oct 2012
LONDON (SHARECAST) - Sten Mortstedt, the Executive Chairman of CLS Holdings, a property investment company, has sold by tender 368,371 shares in the company on behalf of himself and his family.
The shares were tendered for up to and including the pro rata entitlement of one ordinary share for every 76 ordinary shares at 805p per share. The family pocketed a totalled £2.97m.
Following the sale the Mortstedt family holds 23.1m shares.
Over the past year the company's share price has risen 24%, equal to 139p.
In its most recent set of results, the firm said net assets per share in the six months to June 30th rose 5.6% to 1037.7p from 983.1p at the end of 2011. The aggregate value of net assets rose 3.1% to £458.5m from the year-end figure of £444.9m, as the company enjoyed a boost from receiving planning permission for its Spring Mews mixed-use development and completed the second of its German pre-lets.
Group revenue in the first half of the year edged up to £40.0m from £39.9m the year before, but profit before tax fell to £27.3m from £37.1m, in part because the gain on the revaluation if investment properties was lower this time round at £10.1m versus £14.1m last year.
Top Director Buys
Arbuthnot Banking Group (ARBB)
Director name: Mr James Fleming
Amount purchased: 4,500 @ 579.00p
Value: £26,055
SEGRO (SGRO)
Director name: Mr Christopher Fisher
Amount purchased: 10,000 @ 236.31p
Value: £23,631
Hansard Global (HSD)
Director name: Mr Gordon Stuart Marr
Amount purchased: 21,300 @ 92.55p
Value: £19,713
Avesco Group (AVS)
Director name: Mr Richard A Murray-Obodynski
Amount purchased: 10,000 @ 158.00p
Value: £15,800
Equatorial Palm Oil (PAL)
Director name: Mr Michael Frayne
Amount purchased: 150,000 @ 10.50p
Value: £15,750
Pearson (PSON)
Director name: Mr Ken J Hydon
Amount purchased: 970 @ 1,214.00p
Value: £11,776
JPMorgan Brazil Inv Trust (JPB)
Director name: Prof Victor Bulmer-Thomas
Amount purchased: 13,000 @ 83.60p
Value: £10,868
Top Director Sells
CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount sold: 368,371 @ 805.00p
Value: £2,965,387
Scotgold Resources (DI) (SGZ)
Director name: Mr Phillip Jackson
Amount sold: 1,000,000 @ 3.53p
Value: £35,300
Aberdeen Asian Smaller Companies Inv Trust (AAS)
Director name: Mr Alan Kemp
Amount sold: 6,000 @ 835.00p
Value: £50,100
CLS Holdings (CLI)
Director name: Mr Richard Tice
Amount sold: 3,903 @ 805.00p
Value: £31,419
CLS Holdings (CLI)
Director name: Mr Thomas J Thomson
Amount sold: 1,739 @ 805.00p
Value: £13,999
CLS Holdings (CLI)
Director name: Mr H O Thomas Lundqvist
Amount sold: 1,431 @ 805.00p
Value: £11,520
LONDON (SHARECAST) - Sten Mortstedt, the Executive Chairman of CLS Holdings, a property investment company, has sold by tender 368,371 shares in the company on behalf of himself and his family.
