- Vistry CEO snaps up nearly £100,000 shares
- Ten Lifestyle CEO Alex Cheatle sells
- Big Technologies CEO Sara Murray builds up stake
Greg Fitzgerald CEO of housebuilder Vistry (VTY) has bought 10,525 shares at 943p for a total value of £99,247 on 22 January.
Fitzgerald’s move could be seen by investors as 'smart' after its Countryside Partnerships subsidiary was recently chosen as the preferred developer by the Greater London Authority (GLA) and the Mayor’s Office for Policing and Crime (MOPAC) to undertake a £276 million housing project in Colindale, north London.
Vistry shares have performed well over the past week on the news of this win in a competitive bidding process, gaining nearly 4%.
The company said in a statement: ‘The deal provides further evidence of the strong progress Vistry is making with its strategy of fully focusing on its high-growth, asset-light partnerships model, seeing sustained demand for mixed-tenure housing.’
Fitzgerald might be betting on more housing projects like this in the future.
TEN LIFESTYLE CEO CHEATLE SELL 100,000 SHARES
Alex Cheatle, CEO of luxury concierge company Ten Lifestyle (TENG:AIM), has sold 100,00 shares at 94p for the total value of £93,500 on 23 January.
The company which organises everything from hotel upgrades to reserving tables at top restaurants has a number of high-profile clients including Coutts and St James’s Place.
Following this sale, Cheatle and his wife have a total interest in the company of 11,085,808 ordinary shares, representing 13% of the total voting rights of the company.
Year-to-date Ten share’s have lost 10% of their value.
Back in November the firm reported a 35% increase in net revenue for the year to £63 million compared to £46.8 million last year.
BIG TECHNOLOGIES CEO SARA MURRAY BUILDS UP STAKE
Sara Murray, CEO of Big Technologies (BIG:AIM) a UK-based remote people monitoring technology company has bought an aggregate of 300,000 shares for a total value of £319,438 on 22 January.
The transactions happened separately on 22 January with 200,000 shares bought at 107p for a total value of £213,000, then 75,000 shares bought for 107p for a total value of £79,875 and 25,000 shares at 106p for a total value of £26,563.
Following this purchase Murray holds 73,400,000 ordinary shares in the company, representing approximately 25.3% of the company’s issued ordinary share capital.
Murray’s move follows a solid trading update which said the company’s performance in 2023 was in line with expectations, with revenue set to reach £55 million.
The further purchase could be seen as vote of confidence in the AIM-listed company which is looking to build its revenue stream in 2024.
