Just as expected, UK real estate investment trust (Reit) Redefine International (RDI) has gone through with a £100m placing to help fund its latest acquisition and pay down short-term debt. In fact, according to management there was such strong demand for shares it was able to raise another £15m on top - all of which will be used to pay back borrowings or for asset management purposes.
Several group directors, including chief executive Michael Watters participated in the fundraising in an attempt to show support and confidence in the group's future plans. Mr Watters threw the most cash behind his purchase, buying up more than 350,000 shares for a not insignificant £150,000. It should be noted, however, that Mr Watters total shareholding - now close to 0.4 per cent of the total enlarged share capital - is held through two different pension fund structures.
Buys | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Aberdeen Asian Income Fund | PAK Arthur (ch) | 19 Feb 16 | 345 | 144 | 497 | 48067 | 0.025 |
Aberdeen Asian Income Fund | PAK Arthur (ch) | 22 Feb 16 | 338 | 148 | 500 | 48405 | 0.025 |
Bank of Ireland ♥ | Andrew Keating (cfo) | 22 Feb 16 | 95,197 | 25.97 | 24,723 | 328,805 | 0.001 |
Bank of Ireland (Governor & Co of) | Richie Boucher (ce) | 22 Feb 16 | 190,398 | 25.97 | 49,446 | 571,355 | 0.002 |
Capital & Counties Properties | Soumen Das (fd) | 24 Feb 16 | 30,000 | 319.4609 | 95,838 | 282,018 | 0.033 |
Capital & Counties Properties | Gary Yardley | 24 Feb 16 | 30,000 | 322.8 | 96,840 | 472,972 | 0.056 |
Capital & Counties Properties | John Gerard Murphy | 24 Feb 16 | 30,000 | 332.3 | 99,690 | 30,000 | 0.004 |
Capital & Counties Properties | Ian Hawksworth (ceo) | 24 Feb 16 | 50,000 | 319.4609 | 159,730 | 820,604 | 0.097 |
Conygar Investment Company | Nigel Hamway (ch) | 24 Feb 16 | 10,000 | 166.93 | 16,693 | 1,009,700 | 1.293 |
Datatec♥ | C S Seabrooke | 18 Feb 16 | 200,000 | 209.3705 | 418,741 | 500,000 | 0.239 |
DDD | Sanji Arisawa | 24 Feb 16 | 400,000 | 2.5 | 10,000 | 2,889,200 | 1.518 |
eServGlobal♥ | John Conoley (ch) | 18 Feb 16 | 241,065 | 2.07 | 4,990 | 917,067 | 0.345 |
Gabelli Value Plus+ Trust | Andrew Bell (ch) | 18 Feb 16 | 25,000 | 86 | 21,500 | 100,000 | 0.100 |
Grainger | Helen Gordon (ce) | 23 Feb 16 | 3,637 | 216.25 | 7,865 | 57,423 | 0.014 |
Greene King♥ | Mike Coupe | 23 Feb 16 | 1,690 | 881.67 | 14,900 | 3,690 | 0.001 |
Hogg Robinson | Paul Williams | 24 Feb 16 | 35,000 | 66 | 23,100 | 135,000 | 0.041 |
Hogg Robinson | Nigel Northridge | 22 Feb 16 | 100,000 | 66 | 66,000 | 100,000 | 0.031 |
International Biotechnology Trust | Jim Horsburgh | 18 Feb 16 | 5,000 | 421.71 | 21,086 | 15,000 | 0.038 |
Jarvis Securities♥ | Andrew Grant (ch & ceo) | 19 Feb 16 | 18,500 | 337 | 62,345 | 5,857,150 | 53.130 |
McKay Securities | Viscount Lifford | 24 Feb 16 | 10,000 | 234 | 23,400 | 70,000 | 0.075 |
Morgan Advanced Materials | Douglas Caster | 24 Feb 16 | 18,000 | 214.1 | 38,538 | 18,000 | 0.006 |
MS International♥ | Michael Bell (ch) | 22 Feb 16 | 50,000 | 196 | 98,000 | 4,885,173 | 29.599 |
Oxford BioMedica | Lorenzo Tallarigo | 25 Feb 16 | 36,370 | 6.51 | 23,677 | 36,370 | 0.001 |
Oxford BioMedica♥ | Martin Diggle | 24 Feb 16 | 46,693 | 6.35 | 2,965 | 475,140,655 | 17.579 |
Redefine International* | Adrian Horsburgh | 23 Feb 16 | 10,000 | 42.5 | 4,250 | 10,000 | 0.001 |
Redefine International* | Robert Orr | 23 Feb 16 | 23,529 | 42.5 | 10,000 | 23,529 | 0.001 |
Redefine International* | Gavin Tipper | 23 Feb 16 | 100,000 | 42.5 | 42,500 | 508,630 | 0.029 |
Redefine International* | Marc Wainer | 23 Feb 16 | 195,000 | 42.5 | 82,875 | 1,676,545 | 0.095 |
Redefine International* | Michael Watters (ceo) | 23 Feb 16 | 352,941 | 42.5 | 150,000 | 6,515,638 | 0.369 |
Segro | Mark Robertshaw | 24 Feb 16 | 8,000 | 419.7 | 33,576 | 16,000 | 0.002 |
Segro | Christopher Fisher | 25 Feb 16 | 5,000 | 415.6 | 20,800 | 15,842 | 0.002 |
Shaftesbury | Hilary Riva | 24 Feb 16 | 6,000 | 823.95 | 49,437 | 16,479 | 0.006 |
Smurfit Kappa♥ | Christel Bories | 18 Feb 16 | 1,800 | 2261 | 40,698 | 1,800 | 0.001 |
SSE | Katie Bickerstaffe | 18 Feb 16 | 1,421 | 1393.99 | 19,809 | 5,079 | 0.001 |
Tungsten Corp | Nick Parker (ch) | 18 Feb 16 | 25,000 | 68 | 17,000 | 350,000 | 0.278 |
Vipera | Martin Perrin (cfo) | 19 Feb 16 | 150,000 | 3.25 | 4,875 | 1,070,000 | 0.414 |
Vipera | Marco Casartelli (ce) | 19 Feb 16 | 300,000 | 3.25 | 9,750 | 30,694,303 | 11.874 |
Vipera | Mauro Duca | 19 Feb 16 | 300,000 | 3.25 | 9,750 | 8,077,500 | 3.125 |
Vipera | Petter Neby | 19 Feb 16 | 300,000 | 3.25 | 9,750 | 42,018,730 | 16.255 |
Sells | |||||||
---|---|---|---|---|---|---|---|
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Baronsmead VCT 3 | Andrew Karney | 24 Feb 16 | 40,000 | 98 | 39,200 | 64,340 | 0.086 |
Diverse Income Trust | Michael Wrobel (ch) | 19 Feb 16 | 10,000 | 90.4 | 9,040 | 241,539 | 0.063 |
MS International♥ | David Pyle | 22 Feb 16 | 50,000 | 196 | 98,000 | 1,790,359 | 10.848 |
*Placing/tender/open offer ♥Spouse/connected party ΩTender offer |