Bovis Homes chief adds 25,000 shares following news of CFO's plans for departure

Chief executive of Bovis Homes, David Ritchie, has bumped up his stake in the house builder with the addition of 25,000 shares.

Taking his interest in the company to just above 146,000 shares, Ritchie spent 773.50p a share on the £193,375 deal, which was made on behalf of one of his connected persons

The purchase was made on Friday, just a few days after the company announced that Jonathan Hill, its group finance director, had informed the board of his decision to resign.

Hill, who is leaving to take up a position at Saga, has yet to agree a departure date, but Bovis said it had begun looking for his replacement.

While the housebuilding sector has experienced something of a boom in recent times, it came under some pressure last week when sector peer Miller Homes pulled its flotation amid concerns about the property market's prospects.

"In light of the recent financial markets volatility, the shareholders of Miller Group have elected not to proceed at this time with a public offering of Miller Homes," a statement from the company read.

Top Director Buys

Bovis Homes Group (BVS)
Director name: Mr David James Ritchie
Amount purchased: 25,000 @ 773.50p
Value: £193,375

Aquarius Platinum Ld (AQP)
Director name: Mr Jean Nel
Amount purchased: 313,290 @ 21.87p
Value: £68,517

Target Healthcare Reit Ltd (THRL)
Director name: Mr Robert Malcolm Naish
Amount purchased: 15,000 @ 101.00p
Value: £15,150

GameAccount Network (GAME)
Director name: Mr Dermot Smurfit
Amount purchased: 20,000 @ 69.75p
Value: £13,950

Aquarius Platinum Ld (AQP)
Director name: Mr Nicholas T Sibley
Amount purchased: 32,170 @ 24.04p
Value: £7,734

Plant Health Care (PHC)
Director name: Mr James Ede-Golightly
Amount purchased: 15,000 @ 72.00p
Value: £10,800

Top Director Sells

Best of the Best (BEST)
Director name: Mr Rupert Garton
Amount sold: 38,000 @ 70.00p
Value: £26,600