LONDON (ShareCast) - Shane Rehill, the Executive Chairman of TVC Holdings invested 300k in the AIM-listed investment company, the company announced on Monday.
Rehill purchased 450,000 shares at a price of €0.83 each (around 67.16p) on Friday of last week, spending a total of £302,220.
The transaction took his total stake in the company's total issued share capital to 27.09m shares, equal to a 26.8% interest.
TVC reported its interim results a few weeks earlier in which it unveiled a fall in first-half profit before tax from €3.8m last year to €2.8m in the six months to September 30th.
The gross portfolio return fell to €3.5m from €4.5m in the same period the year before.
However, the net asset value per share improved from €1.14 at the start of the financial year (March 31st) to €1.16 at the half-year stage.
Speaking on November 13th, Rehill said: "We continue to work actively with our core portfolio investments to maximise their value and this is reflected in another set of strong results for the company."
Top Director Buys
TVC Holdings (TVCH)
Director name: Mr Shane Reihill
Amount purchased: 450,000 @ 67.16p
Value: £302,220
City of London Investment Group (CLIG)
Director name: Mr Barry M Olliff
Amount purchased: 100,000 @ 255.00p
Value: £255,000
F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 100,000 @ 98.61p
Value: £98,610
Picton Property Income Ltd (PCTN)
Director name: Mr Roger Lewis
Amount purchased: 100,000 @ 36.75p
Value: £36,750
Global Energy Development (GED)
Director name: Mr Stephen C Voss
Amount purchased: 25,000 @ 105.00p
Value: £26,250
Top Director Sells
Next (NXT)
Director name: Mr Andrew John Varley
Amount sold: 10,000 @ 3,648.00p
Value: £364,800
City of London Investment Group (CLIG)
Director name: Mr Douglas F Allison
Amount sold: 100,000 @ 255.00p
Value: £255,000
BC
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