Director dealings: Londonmetric chairman lowers stake

Londonmetric revealed on Thursday that chairman Patrick Vaughan had disposed of 500,000 ordinary shares in the FTSE 250-listed property company.

Vaughan, who took over as chairman following the group's merger with London and Stamford in 2013, sold the shares on Wednesday at an average price of 230.0p each, for a total value of £1.14m.

Back in November, Londonmetric increased its dividend as it reported strong rent collection and higher revenue in the first half.

Rent collection was "strong" during the Covid-19 crisis with 98% of third-quarter rents received with 1% deferred. The FTSE 250 property group increased its first-half dividend by 5% to 4.2p a share.

As of 1640 GMT, Londonmetric shares were up 1.99% at 235.60p.

Top Director Buys

Smith (ds) (SMDS)
Director name: Marsh ,Adrian
Amount purchased: 55,893 @ 382.40p
Value: £213,734.83

Lloyds Banking Group (LLOY)
Director name: Horta-Osorio,Antonio
Amount purchased: 377,738 @ 36.83p
Value: £139,124.68

Compass Group (CPG)
Director name: Witts,Karen
Amount purchased: 7,011 @ 1,415.50p
Value: £99,240.70

City Of London Investment Group (CLIG)
Director name: Aling,Barry
Amount purchased: 20,000 @ 429.73p
Value: £85,945.10

Cyanconnode Holdings (CYAN)
Director name: Cronin ,John
Amount purchased: 1,467,391 @ 4.60p
Value: £67,499.99

Lloyds Banking Group (LLOY)
Director name: Chalmers,William
Amount purchased: 181,314 @ 36.83p
Value: £66,779.76

Proactis Holdings (PHD)
Director name: Brown,Nick
Amount purchased: 67,415 @ 44.50p
Value: £29,999.67

Proton Motor Power Systems (PPS)
Director name: Kotlarzewski,Roman
Amount purchased: 50,000 @ 58.00p
Value: £29,000.00

Proton Motor Power Systems (PPS)
Director name: Gierse,Helmut
Amount purchased: 50,000 @ 58.00p
Value: £29,000.00

Proton Motor Power Systems (PPS)
Director name: Limbrunner,Manfred
Amount purchased: 50,000 @ 58.00p
Value: £29,000.00

Income & Growth Vct (IGV)
Director name: Helfgott,Maurice
Amount purchased: 30,000 @ 66.56p
Value: £19,968.00

Non-standard Finance (NSF)
Director name: Gregson,Charles Henry
Amount purchased: 272,600 @ 3.13p
Value: £8,532.38

City Of London Inv Trust (CTY)
Director name: Wren,Samantha
Amount purchased: 133 @ 364.46p
Value: £484.73

Sthree (STEM)
Director name: Smith,Alex
Amount purchased: 61 @ 301.03p
Value: £183.63

Funding Circle Holdings (FCH)
Director name: Desai,Samir
Amount purchased: 179 @ 83.80p
Value: £150.00

Funding Circle Holdings (FCH)
Director name: White,Oliver
Amount purchased: 179 @ 83.80p
Value: £150.00

Severfield (SFR)
Director name: Cochrane,Ian
Amount purchased: 177 @ 70.60p
Value: £124.96

Severfield (SFR)
Director name: Dunsmore,Alan
Amount purchased: 177 @ 70.60p
Value: £124.96

Victrex Plc (VCT)
Director name: Court ,Martin
Amount purchased: 5 @ 2,276.00p
Value: £113.80

Top Director Sells

Ceres Power Holdings (CWR)
Director name: Caldwell ,Philip
Amount sold: 387,007 @ 1,017.10p
Value: £3,936,248.01

Londonmetric Property (LMP)
Director name: Vaughan,Patrick
Amount sold: 500,000 @ 230.00p
Value: £1,149,999.98

Ceres Power Holdings (CWR)
Director name: Preston,Richard
Amount sold: 102,158 @ 1,017.10p
Value: £1,039,048.97

Gamma Communications (GAMA)
Director name: Stone,Andrew Jonathan
Amount sold: 30,000 @ 1,550.00p
Value: £465,000.00

Gamma Communications (GAMA)
Director name: Stone,Andrew Jonathan
Amount sold: 30,000 @ 1,500.35p
Value: £450,105.00

Smith (ds) (SMDS)
Director name: Marsh ,Adrian
Amount sold: 105,659 @ 383.00p
Value: £404,673.96

Gamma Communications (GAMA)
Director name: Stone,Andrew Jonathan
Amount sold: 20,000 @ 1,520.16p
Value: £304,032.19

Nakama Group (NAK)
Director name: Sheffield,Tim
Amount sold: 28,430,000 @ 0.50p
Value: £142,150.00

Uls Technology (ULS)
Director name: Williams,John
Amount sold: 86,304 @ 80.30p
Value: £69,302.11

Ceres Power Holdings (CWR)
Director name: Preston,Richard
Amount sold: 29,625 @ 85.00p
Value: £25,181.25