Senior management of property firms British Land (BLND) and Paragon (PAG) have backed the businesses they help run with share buying this week. Elsewhere, mobile giant Vodafone (VOD) was sold down by three board directors.
British Land’s financial director Simon Carter invested £83,013 of his own money into the stock, buying 15,996 shares at 519p per share, in a move that will get investors pondering whether the real estate sector is too deeply discounted after months of office and shop closures.
Carter, appointed in 2018, now owns a 63,954 share stake in the property giant worth in excess of £316,000.
TRADING AT VODAFONE
Vodafone’s chief executive Nicholas Read and chief financial officer Margherita Della Valle were awarded some shares as part of an incentive plan and sold approximately £850,000 as a combined figure to settle the associated tax bill.
Della Valle also made smaller purchase of 35,000 stock priced at 122p, in connection with Vodafone annual bonus deferral arrangements.
Private homes landlord Paragon saw its boss Nigel Terrington invest £18,558 in stock, bolstering his overall stake in the business to 826,372 shares. That stake is worth nearly £4.3 million based on the current 520p share price.
Mining company Anglo Pacific’s (APF) chief executive Julian Treger was busy this week having bought 35,000 shares at 142p for his pension fund, only to then sell a much larger 500,000 stock stake in two separate trades worth a combined £700,000 from his Kings Chapel investment vehicle.
Treger still owns more than 4.4 million shares, or nearly 2.1% of the entire company.
See all of the most recent director buying and selling plus analysis here.
