News

Robert Dickinson, chairman of residential property landlord Grainger Trust, has again diluted his holding in the company, just months after rejecting a bid approach

Dickinson sold 100,000 shares in his family trust at a price of 660p per share, netting £660,000 in the process. That leaves him with a beneficial stake of 807,000 and a non-beneficial stake of 1.9m.

He has been a steady seller of the shares, disposing of 250,000 shares in 2006. His son Rupert, chief executive of Grainger, has also sold shares in a series of transactions over the last few years.

Grainger Trust received a boost in September last year when it emerged that Regis was running a slide rule over the company.

Shares in the company had been on a losing streak through 2006 until the news emerged. The financial terms of the proposal were never revealed although reports suggested it was priced at 700p per share.

Grainger rejected the proposal and Regis announced weeks later that it was no longer interested in making an offer.

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Education Development International (EDD)
Director name: Mr N M Snook
Amount purchased: 2,083,333 @ 9.25p
Value: £192,708

Volex (VLX)
Director name: Mr Ian Degnan
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Top Director Sells

Grainger Trust (GRI)
Director name: Mr Robert Dickinson
Amount sold: 100,000 @ 660.00p
Value: £660,000

National Grid (NG.)
Director name: Mr Steve Lucas
Amount sold: 40,000 @ 775.00p
Value: £310,000

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Director name: Mr Richard Grogan
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Value: £208,000

Eurovestech (EVT)
Director name: Mr Quentin Solt
Amount sold: 250,000 @ 20.75p
Value: £51,875

Murgitroyd Group (MUR)
Director name: Mr Mark Kemp-Gee
Amount sold: 8,000 @ 510.00p
Value: £40,800