12th Aug 2015 10:27
LONDON (Alliance News) - Sigma Capital Group PLC said Chairman David Sigsworth bought 133,333 shares at a price of 75 pence per share Wednesday.
Following this transaction, worth GBP100,000, Sigsworth holds a beneficial interest of 545,304 Shares, representing 0.88% of the issued share capital.
Sigma Capital earlier on Wednesday said it has raised GBP20 million before expenses in a share placing to allow the company to build its own portfolio of private rented sector assets.
Separately, Sigma said its main focus in the first half of 2015 was the the first phase of the roll-out of its private rented sector joint venture with Gatehouse, and that the delivery of the first phase of 927 new rental homes in the North West is ahead of schedule.
"Our PRS portfolio target with Gatehouse has now expanded to 10,000 new homes over the next five years. Complementing this, we are expecting to commence our first PRS site with Grainger in the second half," Sigsworth said in a statement.
The chairman's comments came as Sigma Capital reported net assets per share of 16.7 pence at the end of June, down from 16.8p at the end of 2014. It made a GBP414,000 pretax loss in the six months to the end of June, compared with a GBP201,000 pretax loss in the corresponding half the prior year, as revenue fell to GBP1.0 million from GBP1.8 million.
Shares in the residential development and urban regeneration company were up 0.3% at 80.70p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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