Director dealings: REI insiders invest, Chesnara CFO exercises options

(Sharecast News) - Two of the director disclosures made to the London market on Tuesday saw Real Estate Investors chief executive Paul Bassi and finance director Marcus Daly buy shares in the company, while Chesnara finance chief Tom Howard exercised options and sold shares to cover tax obligations. Real Estate Investors said Bassi bought 595,965 ordinary shares on 14 May at 32.25p each, in a transaction worth about £192,199.

Following the purchase, he held 19.0 million shares, representing 10.87% of the company's issued share capital.

The Midlands-focused real estate investment trust also said finance director Marcus Daly bought 250,000 shares at the same price, for a total consideration of £80,625.

Daly's resulting holding was 4,887,543 shares, or 2.80% of the company.

Separately, Chesnara said group chief financial officer Tom Howard acquired shares through the exercise of options under its Buy-out Award Scheme.

Howard exercised options over 115,098 shares at nil cost following the vesting of conditional awards under the 2024 Buy-out Plan, as adjusted for the company's 2025 rights issue.

Howard then sold 55,544 shares at 319.113p each on the London Stock Exchange to cover tax and social security obligations, in a disposal worth about £177,241.

Following the exercise, Howard held a total interest in 215,793 Chesnara ordinary shares, including any shares held by persons closely associated with him.

At 1310 BST, shares in Real Estate Investors were up 1.92% at 31.8p, while those in Chesnara were ahead 1.1% at 323p.

Reporting by Josh White for Sharecast.com.

Top Director Buys

Real Estate Investors (RLE) Director name: Bassi,Paul Amount purchased: 595,965 @ 32.25p Value: £192,198.71

Real Estate Investors (RLE) Director name: Daly,Marcus Amount purchased: 250,000 @ 32.25p Value: £80,625.00

Big Yellow Group (BYG) Director name: O'Donnell,Michael Amount purchased: 4,000 @ 827.40p Value: £33,095.92

Ecora Royalties (ECOR) Director name: Lafleche,Marc Bishop Amount purchased: 16,693 @ 149.80p Value: £25,006.11

Ecora Royalties (ECOR) Director name: Flynn,Kevin Amount purchased: 13,550 @ 149.97p Value: £20,320.93

Ecora Royalties (ECOR) Director name: Lafleche,Marc Bishop Amount purchased: 13,359 @ 149.70p Value: £19,998.42

Ecora Royalties (ECOR) Director name: Flynn,Kevin Amount purchased: 13,250 @ 150.00p Value: £19,875.00

Taylor Wimpey (TW.) Director name: Daly,Jennie Amount purchased: 17,875 @ 78.00p Value: £13,942.45

Taylor Wimpey (TW.) Director name: Carney,Chris Amount purchased: 11,904 @ 78.00p Value: £9,285.08

Ecora Royalties (ECOR) Director name: Lafleche,Marc Bishop Amount purchased: 5,560 @ 149.39p Value: £8,306.08

Ecora Royalties (ECOR) Director name: Flynn,Kevin Amount purchased: 5,550 @ 140.20p Value: £7,781.10

Rit Capital Partners (RCP) Director name: Coles,Helena Amount purchased: 330 @ 2,188.00p Value: £7,220.40

Rit Capital Partners (RCP) Director name: Coles,Helena Amount purchased: 322 @ 2,189.00p Value: £7,048.58

Rit Capital Partners (RCP) Director name: Coles,Helena Amount purchased: 292 @ 2,188.00p Value: £6,388.96

Oberon Aim Vct (OVCT) Director name: Gamble,Geoffrey Charles Amount purchased: 25,000 @ 20.25p Value: £5,062.50

Funding Circle Holdings (FCH) Director name: Jacobs,Lisa Amount purchased: 1,315 @ 136.90p Value: £1,800.23

Funding Circle Holdings (FCH) Director name: Nicol,Tony Amount purchased: 1,314 @ 136.90p Value: £1,798.87

Aviva (AV.) Director name: Lambert,Pippa Amount purchased: 242 @ 616.00p Value: £1,490.72

(HWG) Director name: Patmore,Katerina Amount purchased: 119 @ 126.00p Value: £149.94

(HWG) Director name: Shillaw,Lynda Amount purchased: 119 @ 126.00p Value: £149.94

Ocado Group (OCDO) Director name: Daintith,Stephen Amount purchased: 81 @ 184.90p Value: £149.77

Ocado Group (OCDO) Director name: Steiner,Tim Amount purchased: 81 @ 184.90p Value: £149.77

Activeops (AOM) Director name: Jeffery,Richard John Amount purchased: 69 @ 152.00p Value: £104.88

Top Director Sells

Chesnara (CSN) Director name: Howard,Tom Amount sold: 55,544 @ 319.11p Value: £177,248.12

Strix Group (KETL) Director name: Kirkland,Mark Adrian Amount sold: 6,315 @ 43.00p Value: £2,715.45

Truetide (TRUE) Director name: Brown ,Trevor Amount sold: 7,500 @ 2.70p Value: £202.50