TVC Chairman increases already sizable stake

Shane Rehill, the Executive Chairman of TVC Holdings invested 300k in the AIM-listed investment company, the company announced on Monday.Rehill purchased 450,000 shares at a price of €0.83 each (around 67.16p) on Friday of last week, spending a total of £302,220.The transaction took his total stake in the company's total issued share capital to 27.09m shares, equal to a 26.8% interest.TVC reported its interim results a few weeks earlier in which it unveiled a fall in first-half profit before tax from €3.8m last year to €2.8m in the six months to September 30th. The gross portfolio return fell to €3.5m from €4.5m in the same period the year before.However, the net asset value per share improved from €1.14 at the start of the financial year (March 31st) to €1.16 at the half-year stage.Speaking on November 13th, Rehill said: "We continue to work actively with our core portfolio investments to maximise their value and this is reflected in another set of strong results for the company."Top Director BuysTVC Holdings (TVCH) Director name: Mr Shane ReihillAmount purchased: 450,000 @ 67.16p Value: £302,220City of London Investment Group (CLIG) Director name: Mr Barry M OlliffAmount purchased: 100,000 @ 255.00p Value: £255,000F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 100,000 @ 98.61p Value: £98,610Picton Property Income Ltd (PCTN) Director name: Mr Roger LewisAmount purchased: 100,000 @ 36.75p Value: £36,750Global Energy Development (GED) Director name: Mr Stephen C VossAmount purchased: 25,000 @ 105.00p Value: £26,250Top Director SellsNext (NXT) Director name: Mr Andrew John VarleyAmount sold: 10,000 @ 3,648.00p Value: £364,800City of London Investment Group (CLIG) Director name: Mr Douglas F AllisonAmount sold: 100,000 @ 255.00p Value: £255,000BC