Director dealings: Grainger chairman makes share purchase
Grainger revealed on Monday that non-executive chairman Mark Clare had purchased 14,666 ordinary shares in the British residential property business.
FTSE 250
19,391.30
17:09 19/04/24
FTSE 350
4,341.08
17:09 19/04/24
FTSE All-Share
4,296.41
17:08 19/04/24
Grainger
252.50p
16:35 19/04/24
Real Estate Investment & Services
2,135.62
17:09 19/04/24
Clare, who took over as chairman at Grainger back in February 2017, acquired the shares on Thursday at an average price of 305p each, for a total value of £44,731.30.
Grainger announced last week that it would place around 61.2m shares to raise £185m to accelerate its private rented sector growth strategy. Clare's shares were purchased from said placing.
The FTSE 250-listed firm said that including additional debt of about £120m, proceeds from the placing will generate an aggregate funding capacity of approximately £305m which will enable it to commit to a further £246m of new acquisitions into its secured pipeline. In addition, the £305m gives the group headroom to pursue a further £59m of projects currently in the planning and legal pipeline.
As of 1635 GMT, Grainger shares were up 1.33% at 335.80p.
Top Director Buys
Hansa Investment Company Limited 'a' Non Vtg (di) (HANA)
Director name: Salomon,William
Amount purchased: 50,000 @ 189.00p
Value: £94,500.00
Grainger (GRI)
Director name: Clare,Mark
Amount purchased: 14,666 @ 305.00p
Value: £44,731.30
Flowtech Fluidpower (FLO)
Director name: Cash,Russell
Amount purchased: 8,886 @ 105.00p
Value: £9,330.30
Good Energy Group (GOOD)
Director name: Sanderson,Rupert
Amount purchased: 3,000 @ 196.66p
Value: £5,899.80
Good Energy Group (GOOD)
Director name: Sanderson,Rupert
Amount purchased: 2,500 @ 195.00p
Value: £4,875.00
Flowtech Fluidpower (FLO)
Director name: Cash,Russell
Amount purchased: 4,719 @ 102.50p
Value: £4,836.97
Flowtech Fluidpower (FLO)
Director name: Cash,Russell
Amount purchased: 3,000 @ 104.00p
Value: £3,120.00
Flowtech Fluidpower (FLO)
Director name: Cash,Russell
Amount purchased: 3,000 @ 103.00p
Value: £3,090.00
Mortgage Advice Bureau (holdings) (MAB1)
Director name: Tilley,Lucy
Amount purchased: 38 @ 785.00p
Value: £298.30
Mortgage Advice Bureau (holdings) (MAB1)
Director name: Thompson,Ben
Amount purchased: 38 @ 785.00p
Value: £298.30
British Land Company (BLND)
Director name: Carter,Simon
Amount purchased: 26 @ 582.79p
Value: £151.53
British Land Company (BLND)
Director name: McKeown,Brona
Amount purchased: 26 @ 582.79p
Value: £151.53
British Land Company (BLND)
Director name: Grigg,Chris
Amount purchased: 26 @ 582.79p
Value: £151.53
Balfour Beatty (BBY)
Director name: Quinn,Leo
Amount purchased: 51 @ 291.60p
Value: £148.72
Top Director Sells