A smart regional property play

At the time chief executive Robert Ware had just purchased 50,000 shares at 129p each to take his holding up to 3.55m shares, or 4 per cent of the share capital,. He was not alone as executive director Preston Rabl also splashed out £321,000 on 250,000 shares at a price of 128.5p to take his holding to 1.15m shares, or 1.3 per cent of the share capital. It is not difficult to see why the directors were delving deep to makes these purchases.