Date: Tuesday 11 Feb 2014
LONDON (ShareCast) - Andrew Burgess, the major shareholder of retail and educational interiors group Havelock Europa, has reduced his stake to 22.19 per cent after selling 1.25m shares.
The 17.75p-a-piece sale, which reduced Burgess's holding to 8.55m shares, comes less than a fortnight after the group said 2013 trading had been in-line with expectations after making good progress with its plan to expand its customer base.
During the 12-month period, the company completed a project with a major supermarket for the first time, marking an "important step" in further expanding its coverage of the retail market.
It saw an increase in tender activity in both the UK and overseas and said the benefits of additional business "should be reflected in order intake during 2014".
On the downside, revenue from the educational sector is set to fall in the current year after order intake remained subdued.
Burgess became a Non-Executive Director of Havelock in November last year.
Top Director Buys
Pacific Alliance Asia Opportunity Fund Ltd (PAX)
Director name: Mr Christopher M Gradel
Amount purchased: 1,148,000 @ $1.36
Value: $1,565,872
Energy XXI (Bermuda) (DI) (EXXI)
Director name: Mr John Daniel Schiller Jr
Amount purchased: 10,000 @ $21.42
Value: $214,200
Chaarat Gold Holdings Ltd. (DI) (CGH)
Director name: Mr Richard Rae
Amount purchased: 200,000 @ 97.00p
Value: £194,000
Chaarat Gold Holdings Ltd. (DI) (CGH)
Director name: Mr Alexander Novak
Amount purchased: 1,310,886 @ 10.00p
Value: £131,089
Energy XXI (Bermuda) (DI) (EXXI)
Director name: Mr John Daniel Schiller Jr
Amount purchased: 5,000 @ $21.71
Value: $108,550
Terra Capital (TCA)
Director name: Mr Filip Montfort
Amount purchased: 60,000 @ $0.80
Value: $48,000
Asian Plantation Ltd. (DI) (PALM)
Director name: Mr Dennis Melka
Amount purchased: 20,000 @ 222.00p
Value: £44,400
Montanaro European Smaller Companies Trust (MTE)
Director name: Mr Alex Hammond-Chambers
Amount purchased: 4,900 @ 523.50p
Value: £25,652
Energy XXI (Bermuda) (DI) (EXXI)
Director name: Mr John Daniel Schiller Jr
Amount purchased: 685 @ $23.61
Value: $16,173
Top Director Sells
Havelock Europa (HVE)
Director name: Mr Andrew Burgess
Amount sold: 1,250,000 @ 17.75p
Value: £221,875
NR
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