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Director dealings: National Express board invests, British Land CFO makes £0.1m sale

Fri, 02nd Jun 2023 12:16

(Sharecast News) - British Land was on the list of director sells on Friday, after its chief financial officer sold more than £0.1m to cover his bills after he vested a number of performance shares.

The company said Bhavesh Mistry vested 44,273 shares granted in July 2021 under its long-term incentive plan.

Those shares were granted to replace pre-existing awards from a previous employer, which Mistry forfeited to join British Land.

He sold 30,851 of those shares on 31 May, the firm disclosed, in a single transaction on the London Stock Exchange.

Mistry got 342.54p for each share, valuing the sale at £105,677.02.

"Bhavesh sold 20,851 shares to settle tax and national insurance and associated dealing fees arising on the vesting and retained the balance of 23,422 shares which he must continue to hold for at least two years in accordance with the terms of the grant," British Land confirmed in its filing.

On the selling side of things was passenger transport operator National Express, which disclosed share purchases made by four of its board and management team.

The company said non-executive chair Helen Weir picked up 45,000 shares at 106.8p each for £48,060.00, while group chief executive officer Ignacio Garat bought 18,484 shares for 108.2p apiece, for a total of £19,967.23.

Group chief financial officer James Stamp added 37,241 shares to his holding at a price of 106.8p, for £39,773.39, and group general counsel and company secretary Simon Callander purchased 37,653 shares at 105.7p apiece, for a total of £39,799.22.

National Express said the share purchases were made in London on 31 May and 1 June.

Following the transactions, Weir had a total unrestricted beneficial interest of 76,000 shares, while Garat had one totalling 125,688 shares, as well as a total other interest held in 1,812,299 shares.

Stamp's total unrestricted beneficial interest now stood at 54,464 shares and his other interest was 781,868 shares, while Callander's unrestricted interest was 87,653 shares and his other interest came to 505,352 shares.

At 1343 BST, shares in British Land Company were up 2.4% at 354p, while those in National Express Group were ahead 4.46% at 111.56p.

Reporting by Josh White for Sharecast.com.

DIRECTOR SELLS

Company: London Stock Exchange Group

Name: York Holdings II

Volume: 9,939

Price: 8,498.3p

Value: £844,646.04

Company: British Land Company

Name: Bhavesh Mistry

Volume: 30,851

Price: 342.54p

Value: £105,677.02

DIRECTOR BUYS

Company: Prudential

Name: Anil Wadhwani

Volume: 438,098

Price: HKD 112.13

Value: HKD 49,123,928.74

Company: National Express Group

Name: Helen Weir

Volume: 45,000

Price: 106.8p

Value: £48,060.00

Company: National Express Group

Name: Simon Callander

Volume: 37,653

Price: 105.7p

Value: £39,799.22

Company: National Express Group

Name: James Stamp

Volume: 37,241

Price: 106.8p

Value: £39,773.39

Company: National Express Group

Name: Ignacio Garat

Volume: 18,454

Price: 108.2p

Value: £19,967.23

Company: Segro

Name: David Sleath

Volume: 3,099

Price: 580.8p

Value: £17,998.99

Company: Segro

Name: Soumen Das

Volume: 3,099

Price: 580.8p

Value: £17,998.99

Company: Segro

Name: Margaret Murphy

Volume:

Price: 580.8p

Value: £17,998.99

Company: Segro

Name: David Sleath

Volume: 2,919

Price: 616.48p

Value: £17,995.05

Company: Segro

Name: Soumen Das

Volume: 2,919

Price: 616.48p

Value: £17,995.05

Company: London Stock Exchange Group

Name: David Schwimmer

Volume: 321

Price: 5,600p

Value: £17,976.00

Company: London Stock Exchange Group

Name: David Shalders

Volume: 321

Price: 5,600p

Value: £17,976.00

Company: Segro

Name: Andy Gulliford

Volume: 1,459

Price: 616.48p

Value: £8,994.44

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