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Develica directors show support
Mon, 01 Dec, 2008
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Develica directors show support
Tue, 7 Oct 2008, 16:12:00
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Grant Tromans, co-founder of
Develica Deutschland
, has joined his fellow board members to show his support for the AIM-listed German property investment outfit, spending € 460,094 on shares.
Tromans bought about 3.54m shares for €0.13 each yesterday, having aquired 336,000 shares for €0.127 each last week.
These purchases bring Tromans' holding in the company to 7.50m shares, or 3.00%.
Chairman Derek Butler and non-executive director John Hallam also topped up their stakes in recent days.
Shares in Develica Deutschland were sharply lower last month after the group swung to a full-year pre-tax loss of €63.34m compared with a profit of €7.04m previously.
Net rental income rose to €56.14m in the year ended 31 March from €5.54m last year.
"The next 12 months are likely to be challenging, and with that in mind the board continues to review its options to add shareholder value, but in the meantime we have the benefit of both robust cash flow and high quality assets," said chairman Derek Butler.
Top Director Buys
Develica Deutschland (DDE)
Director name: Mr Grant N Tromans
Amount purchased: 3,539,187 @ € 0.13
Value: € 460,094
North Atlantic Smaller Trust (NAS)
Director name: Mr Christopher H B Mills
Amount purchased: 10,000 @ 705.00p
Value: £70,500
International Power (IPR)
Director name: Sir Neville Simms
Amount purchased: 20,000 @ 315.30p
Value: £63,060
Vislink (VLK)
Director name: Mr Robin Howe
Amount purchased: 147,647 @ 29.10p
Value: £42,965
Develica Deutschland (DDE)
Director name: Mr Grant N Tromans
Amount purchased: 336,000 @ € 0.13
Value: € 42,672
Develica Deutschland (DDE)
Director name: Mr John Hallam
Amount purchased: 250,000 @ € 0.14
Value: € 35,000
Enegi Oil (ENEG)
Director name: Mr Alan Minty
Amount purchased: 50,000 @ 63.00p
Value: £31,500
Gartmore Global Trust (GGL)
Director name: Mr Lance Moir
Amount purchased: 5,382 @ 247.10p
Value: £13,299
Cadbury (CBRY)
Director name: Mr Roger Carr
Amount purchased: 2,291 @ 568.00p
Value: £13,013
Cadbury (CBRY)
Director name: Mr Guy R Elliott
Amount purchased: 1,833 @ 568.00p
Value: £10,411
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