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Fairbriar chairman builds stake

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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

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