FD sells after Invista bid talks end

Invista Real Estate Investment Management finance director Guy Eastaugh sold nearly one-third of his shares in the company the day after it announced that bid talks had ended. Eastaugh sold 150,000 shares at 49p each, which raised £73,500. Prior to the announcement that the takeover talks had ended the shares were trading at around 57p each. Eastaugh retains 307,257 shares in Invista Real Estate, which is equivalent to 0.12% of the company. Eastaugh was appointed finance director in May 2007. He has previously worked at GKN, Hanson and Enron Europe. AIM-quoted Invista Real Estate is the largest quoted property fund manager. It invests in commercial and residential property in the UK, Europe and Asia Pacific. The company had £5.34bn of assets under management at the end of 2009, which was nearly £1bn lower than one year before. Pre-exceptional profits more than halved to £11.1m in 2009, after revenues fell by one-quarter to £34.4m. Net debt is £10.3m. Top Director Buys Edinburgh Worldwide Inv Trust (EWI) Director name: Mr David A Coltman Amount purchased: 10,000 @ 250.00p Value: £25,000 Edinburgh Worldwide Inv Trust (EWI) Director name: Mr David A Coltman Amount purchased: 10,000 @ 247.50p Value: £24,750 Strontium (STTM) Director name: Mr Michael William Metcalfe Amount purchased: 127,250 @ 11.50p Value: £14,634 Strontium (STTM) Director name: Mr Colin Malcolm Brumpton Amount purchased: 127,250 @ 11.50p Value: £14,634 MS International (MSI) Director name: Mr Michael J Bell Amount purchased: 10,000 @ 131.00p Value: £13,100 Top Director Sells Xstrata (XTA) Director name: Mr Santiago Zaldumide Amount sold: 408,553 @ 1,161.00p Value: £4,743,300 Spectris (SXS) Director name: Mr James C Webster Amount sold: 71,361 @ 813.00p Value: £580,172 Animalcare Group (ANCR) Director name: Mr Stephen Wildridge Amount sold: 155,000 @ 117.50p Value: £182,125 Rotork (ROR) Director name: Mr Stephen R. Jones Amount sold: 9,142 @ 1,357.00p Value: £124,057 Invista Real Estate Investment Management Holdings (INRE) Director name: Mr Guy Edward Eastaugh Amount sold: 150,000 @ 49.00p Value: £73,500 W H Ireland (WHI) Director name: Mr Lord Marland Amount sold: 200,000 @ 30.00p Value: £60,000 InterContinental Hotels Group (IHG) Director name: Mr George Turner Amount sold: 1,669 @ 950.91p Value: £15,871