Director dealings: Derwent London director lowers stake
Derwent London director and head of regeneration Simon Silver offloaded 25,000 ordinary shares in the FTSE 250-listed property investor on Tuesday.
Derwent London
1,992.00p
17:05 25/04/24
FTSE 250
19,601.98
17:09 25/04/24
FTSE 350
4,434.34
17:09 25/04/24
FTSE All-Share
4,387.94
16:49 25/04/24
Real Estate Investment Trusts
2,210.47
17:09 25/04/24
Silver, who co-founded the firm's predecessor Derwent Valley Holdings, sold the shares at an average price of 3,257p each, for a total value of £814,250.
Derwent unveiled an improvement in net asset value and full-year earnings back in February.
Underlying earnings came to 99.1p a share, an increase of 5.1% on the previous year, while adjusted NAV came in at 3,776p, a 1.6% improvement after dividends.
Group income, including net property income, was ahead 12.8% at £185.9m.
As of 1615 GMT, Derwent shares had dipped 0.13% to 3,250p.
Top Director Buys
IndigoVision Group (IND)
Director name: Mr Max Thowless-Reeves
Amount purchased: 24,980 @ 135.00p
Value: £33,723
Autins Group (AUTG)
Director name: Mr Adam Richard Attwood
Amount purchased: 69,572 @ 27.00p
Value: £18,784
Strategic Minerals (SML)
Director name: Mr Jeffrey Harrison
Amount purchased: 812,500 @ 1.60p
Value: £13,000
Top Director Sells
Derwent London (DLN)
Director name: Mr Simon P Silver
Amount sold: 25,000 @ 3,257.00p
Value: £814,250
Clearstar Inc. (DI) (CLSU)
Director name: Mr Kenneth Wayne Dawson
Amount sold: 188,000 @ 55.00p
Value: £103,400
Elementis (ELM)
Director name: Mr Paul Waterman
Amount sold: 26,986 @ 154.05p
Value: £41,572
International Personal Finance (IPF)
Director name: Mr Justin Lockwood
Amount sold: 5,587 @ 233.50p
Value: £13,046