Director dealings: Big Yellow chairman lowers stake
Big Yellow chairman Nicholas Vetch lowered his stake in the FTSE 250-listed self-storage firm on Wednesday.
Big Yellow Group
1,132.00p
16:35 14/05/24
FTSE 250
20,618.52
17:09 14/05/24
FTSE 350
4,631.25
17:09 14/05/24
FTSE All-Share
4,583.23
17:14 14/05/24
Real Estate Investment Trusts
2,332.97
17:09 14/05/24
Vetch, who co-founded the Surrey-based firm back in 1998, and his wife disposed of 324,593 ordinary shares at an average price of 987.73p each, for a total value of £3.2m.
Meanwhile, Byways Investments, a company beneficially owned by Vetch's children, sold 166,236 ordinary shares for a total of £1.6m.
Big Yellow acquired freehold sites in Wembley, North London and Kingston North in South West London last month, bringing its total pipeline of proposed new stores, including the replacement of its Battersea store, to 12, which on completion would result in approximately 760,000 square feet of additional capacity, or 16% of its current maximum lettable area.
It said its pipeline, which had taken almost five years to build, should allow new stores to be opened on a “reasonably regular and sustainable” basis.
As of 1620 GMT, Big Yellow shares had slipped 2.07% to 969.50p.
Top Director Buys
JPMorgan Chinese Inv Trust (JMC)
Director name: Mr David Graham
Amount purchased: 11,933 @ 282.68p
Value: £33,732
C4X Discovery Holdings (C4XD)
Director name: Dr Clive Dix
Amount purchased: 40,650 @ 61.50p
Value: £25,000
BBA Aviation (BBA)
Director name: Ms Victoria Jarman
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ProVen Growth & Income VCT (PGOO)
Director name: Ms Natasha Christie-Miller
Amount purchased: 21,742 @ 69.00p
Value: £15,002
ProVen Growth & Income VCT (PGOO)
Director name: Ms Natasha Christie-Miller
Amount purchased: 21,742 @ 69.00p
Value: £15,002
ProVen VCT (PVN)
Director name: Mr Neal Ransome
Amount purchased: 17,827 @ 84.10p
Value: £14,993
ProVen Growth & Income VCT (PGOO)
Director name: Mr Malcolm Moss
Amount purchased: 14,494 @ 69.00p
Value: £10,001
Top Director Sells
Big Yellow Group (BYG)
Director name: Mr Nicholas Vetch
Amount sold: 324,593 @ 987.73p
Value: £3,206,102
Big Yellow Group (BYG)
Director name: Mr Nicholas Vetch
Amount sold: 166,236 @ 987.73p
Value: £1,641,963
Croda International (CRDA)
Director name: Mr Steve Foots
Amount sold: 19,443 @ 4,902.00p
Value: £953,096
Croda International (CRDA)
Director name: Mr Jez K Maiden
Amount sold: 10,057 @ 4,902.00p
Value: £492,994
Croda International (CRDA)
Director name: Mr Steve Foots
Amount sold: 6,855 @ 4,880.00p
Value: £334,524
Croda International (CRDA)
Director name: Mr Tom Brophy
Amount sold: 5,348 @ 4,902.00p
Value: £262,159
Croda International (CRDA)
Director name: Mr Jez K Maiden
Amount sold: 3,779 @ 4,880.00p
Value: £184,415
Croda International (CRDA)
Director name: Mr Keith Layden
Amount sold: 3,001 @ 4,902.00p
Value: £147,109
Croda International (CRDA)
Director name: Mr Keith Layden
Amount sold: 2,926 @ 4,880.00p
Value: £142,789
Croda International (CRDA)
Director name: Mr Tom Brophy
Amount sold: 752 @ 4,880.00p
Value: £36,698