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Executive Director at Development Securities grows stake

Wed, 20th Aug 2014 16:48
Richard Upton, an executive director of Development Securities, has purchased 72,450 shares, taking his stake in the company to just under 2.7m shares.The shares were acquired at 205p each, with Upton spending a total of £148,523. The purchase price reflects the 22% decline seen in the stock price since the beginning of the year. For the year ended 28 February, the group posted a £18.7m jump in profit to £19.5m. In a statement released mid-July, the company said it had significantly strengthened its pipeline and resources. "With additional projects added to our portfolio and an expanded team of experienced developers, the acquisition has set a strong platform for future growth and we are confident in our ability to deliver enhanced shareholder returns," a statement from the company read. Top Director BuysDevelopment Securities (DSC) Director name: Mr Richard UptonAmount purchased: 72,450 @ 205.00p Value: £148,522Berkeley Group Holdings (The) (BKG) Director name: Mr David HowellAmount purchased: 2,000 @ 2,573.00p Value: £51,460CLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 1,725 @ 1,301.00p Value: £22,442Braveheart Investment Group (BRH) Director name: Mr Trevor Brown Amount purchased: 99,689 @ 12.50p Value: £12,461Top Director SellsGreat Portland Estates (GPOR) Director name: Mr Neil ThompsonAmount sold: 115,000 @ 655.49p Value: £753,814International Personal Finance (IPF) Director name: Mr David BroadbentAmount sold: 22,781 @ 515.50p Value: £117,436Lok'n Store Group (LOK) Director name: Mr Colin JacobsAmount sold: 14,000 @ 212.50p Value: £29,750Lok'n Store Group (LOK) Director name: Mr Colin JacobsAmount sold: 8,500 @ 212.50p Value: £18,062NR

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