Regus director sells 2m shares

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Date: Friday 12 Nov 2004

LONDON (ShareCast) - Regus finance director Rudolf Lobo sold 2m shares today at 80p per share. He now holds 4,697,098 ordinary shares in the company.

Shares in the group have been on the rise since September after the service office space provider said it narrowed losses in the first half and said it was on track to deliver its targets this year.

Chairman John Matthews said, “Costs remain firmly under control. As a result we expect to see continued revenue growth and are on track to achieve our performance targets for 2004.”

Regus has been undergoing restructuring since placing its US business into Chapter 11 bankruptcy protection last year and today reported a smaller pre-tax loss of £7.79m for the first half to June against £20.33m last time.

Top Director Buys

Aberfth.Smll.Co (ASL)
Director name: Mr Paul Marsh
Amount purchased: 5,000 @ 488.40p
Value: £24,420

Ashtead Group (AHT)
Director name: Mr Gary Iceton
Amount purchased: 20,000 @ 74.90p
Value: £14,980

Fidelity Japanese Values (FJV)
Director name: Mr David Miller
Amount purchased: 20,000 @ 61.75p
Value: £12,350

Top Director Sells

Regus Group (RGU)
Director name: Mr Rudolf Lobo
Amount sold: 2,000,000 @ 80.00p
Value: £1,600,000

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