Belvoir Lettings Chairman sells shares to satisfy institutional demand

Belvoir Lettings, the UK lettings specialist which listed on the AIM market in February last year, announced on Friday that its Executive Chairman and founder had sold a quarter of a million shares in the group in order to help satisfy 'significant institutional demand'.The news comes just a week after the firm's full-year results which showed a 20.8% increase in revenue to £4.0m and an 12% rise in profit before tax and exceptionals.Belvoir said that Mike Goddard had offloaded 250,000 ordinary shares at 136p a share, reducing his holding to 8,953,922 shares.He has retained a 43.36% stake in Belvoir's issued share capital.Top Director BuysIthaca Energy Inc. (DI) (IAE) Director name: Mr Jack C. LeeAmount purchased: 65,000 @ 111.48p Value: £72,462Ithaca Energy Inc. (DI) (IAE) Director name: Mr Jay M ZammitAmount purchased: 50,000 @ 111.48p Value: £55,740Immunodiagnostic Systems Holdings (IDH) Director name: Dr Patrik Olof DahlenAmount purchased: 20,000 @ 288.00p Value: £57,600Share (SHRE) Director name: Mr Gavin David Redvers OldhamAmount purchased: 231,910 @ 23.50p Value: £54,499Severfield-Rowen (SFR) Director name: Mr John DoddsAmount purchased: 118,000 @ 41.50p Value: £48,970GVC Holdings (GVC) Director name: Mr Lee FeldmanAmount purchased: 15,000 @ 289.00p Value: £43,350Ithaca Energy Inc. (DI) (IAE) Director name: Mr Bradley HurtubiseAmount purchased: 25,000 @ 112.13p Value: £28,032Severfield-Rowen (SFR) Director name: Mr J Keith ElliottAmount purchased: 183,088 @ 23.00p Value: £42,110Severfield-Rowen (SFR) Director name: Mr Peter A EmersonAmount purchased: 159,362 @ 23.00p Value: £36,653Graphite Enterprise Trust (GPE) Director name: Ms Sandra PajarolaAmount purchased: 6,000 @ 502.50p Value: £30,150Top Director SellsPrudential (PRU) Director name: Mr Tidjane ThiamAmount sold: 296,365 @ 1,061.51p Value: £3,145,944Prudential (PRU) Director name: Mr Barry StoweAmount sold: 140,152 @ 1,075.47p Value: £1,507,293Prudential (PRU) Director name: Mr Nicolaos NicandrouAmount sold: 120,740 @ 1,061.51p Value: £1,281,667Prudential (PRU) Director name: Mr Robert DeveyAmount sold: 120,738 @ 1,061.51p Value: £1,281,646Belvoir Lettings (BLV) Director name: Mr Mike GoddardAmount sold: 250,000 @ 136.00p Value: £340,000Prudential (PRU) Director name: Mr Barry StoweAmount sold: 10,119 @ 1,061.07p Value: £107,370Prudential (PRU) Director name: Mr Michael McLintockAmount sold: 4,103 @ 1,061.51p Value: £43,554Prudential (PRU) Director name: Mr Tidjane ThiamAmount sold: 3,467 @ 1,061.51p Value: £36,803Animalcare Group (ANCR) Director name: Mr Stephen WildridgeAmount sold: 23,000 @ 130.00p Value: £29,900Prudential (PRU) Director name: Mr Robert DeveyAmount sold: 1,575 @ 1,061.51p Value: £16,719BC