22nd Oct 2015 14:40
LONDON (Alliance News) - Development Securities PLC Thursday said Finance Director Marcus Shepherd bought 41,884 shares at GBP2.3875 each on Wednesday.
Follwoing the transaction, Shepperd holds 110,666 shares.
The company also said Deputy Chief Executive Richard Upton bought 15,000 shares at GBP2.49 each and now holds 2.8 million shares, equaling a 2.23% stake. Lucy Weiner, a connected person to Chief Executive Officer Matthew Weiner, also bought 15,000 shares at 243.75p each Wednesday.
Development Securities said Wednesday that it is on track to meet its full-year targets, as it reported a fall in pretax profit for its first half. The property investment and development company reported a pretax profit of GBP7.0 million for the half year to end-August, more than halved from GBP18.0 million a year before, as revenue fell to GBP75.6 million from GBP92.4 million.
The stock was up 1.2% at 245.00p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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