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Date: Monday 12 Jul 2004
LONDON (ShareCast) - FairBriar’s chairman Kevin McCabe has beefed up his presence in the South East-based homebuilder.
McCabe acquired 3.3m shares in FairBriar at 45p per share, equivalent to 9% of the issued share capital, from non-executive director Robert Bourne, who also announced his resignation today.
The purchase takes McCabe’s total shareholding to 29.80% of the group and slashes Bourne’s to just over 2%.
No reason was given for Bourne’s resignation from the group, which has seen its shares halve over the last few years while its sector peers have benefited from rising house prices.
Top Director Buys
Fairbriar (FBR)
Director name: Mr Kevin C McCabe
Amount purchased: 3,266,961 @ 45.00p
Value: £1,470,132
Independent News and Media (INWS)
Director name: Mr I E Kenny
Amount purchased: 25,000 @ 198.00p
Value: € 49,500
Reg Vardy (VDY)
Director name: Mr Robert Forrester
Amount purchased: 4,184 @ 478.00p
Value: £20,000
Basepoint (BNT)
Director name: Mr R L Court
Amount purchased: 11,000 @ 162.00p
Value: £17,820
Tissue Science Laboratories PLC Ord 10p (TSL)
Director name: Mr Martin Hunt
Amount purchased: 6,250 @ 160.00p
Value: £10,000
Top Director Sells
Fairbriar (FBR)
Director name: Mr Robert Bourne
Amount sold: 3,266,961 @ 45.00p
Value: £1,470,132
Abbeycrest (ACR)
Director name: Mr Michael N Lever
Amount sold: 25,000 @ 68.00p
Value: £17,000
Abbeycrest (ACR)
Director name: Mr Michael N Lever
Amount sold: 25,000 @ 68.00p
Value: £17,000