Director dealings: Kennedy Wilson Europe director splashes out
Mary Ricks, president and chief executive of Kennedy Wilson, the manager of the Kennedy Wilson Europe Real Estate investment trust, has splashed out more than £216,000 to swell her stake in the property developer.
FTSE 250
20,427.80
17:09 12/11/24
FTSE 350
4,434.53
17:09 12/11/24
FTSE All-Share
4,393.14
16:34 12/11/24
FTSE Small Cap
6,784.09
17:04 12/11/24
Kennedy Wilson Europe Real Estate
1,117.00p
13:16 20/10/17
Mining
10,689.43
17:09 12/11/24
Petropavlovsk
1.20p
16:34 11/07/22
Real Estate Investment & Services
2,346.26
17:09 12/11/24
The FTSE 250-listed investor said Ricks bought 20,000 shares at an average price of 1,082p apiece on Tuesday and Wednesday.
Following the purchase, Ricks, who joined the California-headquartered company in 1990 and led its European division since its inception in 2011, now owns 140,916 shares, representing 0.1% of the total.
In last week's trading update from the trust, Ricks said: "2016 will be a year of significant asset management for KWE. With a strong level of rent review activity, we have a good opportunity to deliver material organic net operating income growth by narrowing the gap between reversionary in place rents and ERVs [estimated rental values].
"Our portfolio remains in a robust position with good occupational demand across our core sectors and geographies. We also have an ample level of liquidity for acquisitions should we wish to capitalise on any potential market dislocations."
Apart from an option sale by BAE Systems' chief executive Ian King, the biggest straight share sale was by Russian gold miner Petropavlovsk's chief operating officer.
Dmitrii Chekashkin told the company that he sold 311,104 shares last week at 8.8p per share, around the highest they have been for over a year.
Chekaskin still has a considerable interest of 4.45m shares, however.
Top Director Buys
Kennedy Wilson Europe Real Estate (KWE)
Director name: Ricks,Mary
Amount purchased: 20,000 @ 1,082.00p
Value: £216,399.99
Kingspan Group (KGP)
Director name: Cronin ,John
Amount purchased: 5,000 @ € 23.70
Value: € 118,525.00
Deltex Medical Group (DEMG)
Director name: Keen,Nigel J
Amount purchased: 833,325 @ 4.00p
Value: £33,333.00
Deltex Medical Group (DEMG)
Director name: Wippell,Mark
Amount purchased: 357,197 @ 4.00p
Value: £14,287.88
Highcroft Investment (HCFT)
Director name: Hewitt,John
Amount purchased: 1,500 @ 936.50p
Value: £14,047.50
Deltex Medical Group (DEMG)
Director name: Nichol,Duncan K
Amount purchased: 330,000 @ 4.00p
Value: £13,200.00
Deltex Medical Group (DEMG)
Director name: Cazalet,Charles Julian
Amount purchased: 330,000 @ 4.00p
Value: £13,200.00
Edinburgh Dragon Trust (EFM)
Director name: Ricketts ,Charlie
Amount purchased: 5,000 @ 241.50p
Value: £12,075.00
Highcroft Investment (HCFT)
Director name: Hewitt,John
Amount purchased: 1,000 @ 836.50p
Value: £8,365.00
John Laing Group (JLG)
Director name: Brousse,Olivier
Amount purchased: 1,878 @ 211.37p
Value: £3,969.53
Babcock International Group (BAB)
Director name: Hardy,Roger
Amount purchased: 17 @ 967.97p
Value: £164.55
Softcat (SCT)
Director name: Charlton,Graham
Amount purchased: 48 @ 315.30p
Value: £151.34
Smith & Nephew (SN.)
Director name: Bottomley ,Virginia
Amount purchased: 8 @ 1,158.05p
Value: £92.64
Smith & Nephew (SN.)
Director name: Papa,Joseph C.
Amount purchased: 6 @ 1,158.05p
Value: £69.48
Foresight Vct (FTV)
Director name: Harris,Jocelin
Amount purchased: 19,655 @ n/a
Value: n/a
Top Director Sells
Bae Systems (BA.)
Director name: King,Ian
Amount purchased: 11,431 @ 492.00p
Value: £56,240.52
Petropavlovsk (POG)
Director name: Chekashkin ,Dmitry
Amount purchased: 311,104 @ 8.80p
Value: £27,377.15
Highcroft Investment (HCFT)
Director name: Hewitt,John
Amount purchased: 1,500 @ 935.00p
Value: £14,025.00
Highcroft Investment (HCFT)
Director name: Hewitt,John
Amount purchased: 1,000 @ 935.00p
Value: £9,350.00