FD sells after Invista bid talks end

Invista Real Estate Investment Management finance director Guy Eastaugh sold nearly one-third of his shares in the company the day after it announced that bid talks had ended.

Eastaugh sold 150,000 shares at 49p each, which raised £73,500. Prior to the announcement that the takeover talks had ended the shares were trading at around 57p each.

Eastaugh retains 307,257 shares in Invista Real Estate, which is equivalent to 0.12% of the company. Eastaugh was appointed finance director in May 2007. He has previously worked at GKN, Hanson and Enron Europe.

AIM-quoted Invista Real Estate is the largest quoted property fund manager. It invests in commercial and residential property in the UK, Europe and Asia Pacific. The company had £5.34bn of assets under management at the end of 2009, which was nearly £1bn lower than one year before.

Pre-exceptional profits more than halved to £11.1m in 2009, after revenues fell by one-quarter to £34.4m. Net debt is £10.3m.

Top Director Buys

Edinburgh Worldwide Inv Trust (EWI)
Director name: Mr David A Coltman
Amount purchased: 10,000 @ 250.00p
Value: £25,000

Edinburgh Worldwide Inv Trust (EWI)
Director name: Mr David A Coltman
Amount purchased: 10,000 @ 247.50p
Value: £24,750

Strontium (STTM)
Director name: Mr Michael William Metcalfe
Amount purchased: 127,250 @ 11.50p
Value: £14,634

Strontium (STTM)
Director name: Mr Colin Malcolm Brumpton
Amount purchased: 127,250 @ 11.50p
Value: £14,634

MS International (MSI)
Director name: Mr Michael J Bell
Amount purchased: 10,000 @ 131.00p
Value: £13,100


Top Director Sells

Xstrata (XTA)
Director name: Mr Santiago Zaldumide
Amount sold: 408,553 @ 1,161.00p
Value: £4,743,300

Spectris (SXS)
Director name: Mr James C Webster
Amount sold: 71,361 @ 813.00p
Value: £580,172

Animalcare Group (ANCR)
Director name: Mr Stephen Wildridge
Amount sold: 155,000 @ 117.50p
Value: £182,125

Rotork (ROR)
Director name: Mr Stephen R. Jones
Amount sold: 9,142 @ 1,357.00p
Value: £124,057

Invista Real Estate Investment Management Holdings (INRE)
Director name: Mr Guy Edward Eastaugh
Amount sold: 150,000 @ 49.00p
Value: £73,500

W H Ireland (WHI)
Director name: Mr Lord Marland
Amount sold: 200,000 @ 30.00p
Value: £60,000

InterContinental Hotels Group (IHG)
Director name: Mr George Turner
Amount sold: 1,669 @ 950.91p
Value: £15,871