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(Sharecast News) - Londonmetric Property revealed on Friday that chairman Patrick Vaughan had sold 400,000 ordinary shares in the FTSE 250-listed real estate investment trust.
Vaughan, who took over as chairman back in October 2014, disposed of the shares on Thursday at an average price of 236.20p each, for a total value of £944,800.
On Wednesday, LondonMetric announced its half-year results for the six months ended 30 September, reporting that its continued focus on income growth saw its net rental income rise 16.6% to £54.9m, including three months of income from the Mucklow acquisition.
The FTSE 250 company said contracted income rose 39% year-on-year for the six months ended 30 September, to £124.7m in the period, while EPRA earnings were 13.9% higher at £35.2m, or up 2.9% on a per-share basis.
As of 1620 GMT, Londonmetric shares were down 0.67% at 234.20p.
Top Director Buys
Netcall (NET)
Director name: Neville ,Michael (Mike) Patrick
Amount purchased: 104,017 @ 29.00p
Value: £30,164.93
Top Director Sells
Londonmetric Property (LMP)
Director name: Vaughan,Patrick
Amount sold: 400,000 @ 236.20p
Value: £944,800.00
Today 13:44
UPDATE: LondonMetric prioritises logistics as other sectors falter
(Alliance News) - LondonMetric Property PLC on Tuesday reported positive earnings amid a shift in strategic focus.
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