Big Yellow founder sells

Date: Thursday 30 Sep 2010

The wife of a Big Yellow non-executive director has sold £1.56m worth of shares in the self storage business.

Deborah Burks, the wife of Philip Burks, sold 500,000 shares at an average price of 311.8p a share between 24 September and 29 September. This cuts Burks’ stake to 4.67%.

Burks was the fourth largest shareholder but following the sale he has slipped to fifth largest. He was a co-founder of Big Yellow in 1998 and he was the group property director until March 2007.

Annualised store revenue, for the 51 wholly owned stores, rose 9% to £59.8m to June 2010. Total store revenue was £14.4m for the quarter to June 2010, up 10% from the same quarter last year.

Big Yellow is reporting its interim figures on 22 November.


Top Director Buys

Eurovestech (EVT)
Director name: Mr Richard Bernstein
Amount purchased: 1,250,000 @ 12.25p
Value: £153,125

Workspace Group (WKP)
Director name: Mr Anthony (Tony) J Hales
Amount purchased: 500,000 @ 21.25p
Value: £106,250

CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 10,000 @ 507.00p
Value: £50,700

Indian Energy (IEL)
Director name: Mr John Wallinger
Amount purchased: 96,774 @ 31.00p
Value: £30,000

Eurovestech (EVT)
Director name: Mr Jean-Michel Petit
Amount purchased: 163,265 @ 12.25p
Value: £20,000

Indian Energy (IEL)
Director name: Mr Martyn Henley-Roussel
Amount purchased: 64,516 @ 31.00p
Value: £20,000

Aberdeen All Asia Inv Trust (ABAA)
Director name: Mr Robert Jenkins
Amount purchased: 5,000 @ 290.00p
Value: £14,500

Cenkos Securities (CNKS)
Director name: Mr Jeffrey Hewitt
Amount purchased: 10,000 @ 106.00p
Value: £10,600


Top Director Sells

Big Yellow Group (BYG)
Director name: Mr Philip Burks
Amount sold: 500,000 @ 311.80p
Value: £1,559,000

Eurovestech (EVT)
Director name: Mr Richard Grogan
Amount sold: 1,000,000 @ 12.25p
Value: £122,500

Pennon Group (PNN)
Director name: Mr Ken Woodier
Amount sold: 13,684 @ 590.50p
Value: £80,804

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