Director Moves
Alliance Trust (ATST): Consuelo Brooke has been appointed as a non-executive director bringing the number of board members to nine: three executive directors and six non-executive ones; although chairman Lesley Knox will be leaving in May 2012.
Martin Currie Global Portfolio (MNP): Neil Gaskell has joined the board of Martin Currie Global Portfolio as a non-executive director. Gaskell currently sits on the boards of three other listed companies--in the role of chairman at two of these, while one is also an investment trust.
Mercantile (MRC): Helen James has bought her first tranche of shares in the fund since her appointment as an executive director in September.
Pantheon International Participation (PIN): Susannah Nicklin and Sir Laurie Magnus have been appointed as non-executive directors, bringing the number of board members to seven. Sir Magnus currently serves on the boards of three other listed companies, including chairing the board of JPMorgan Income & Capital Trust (JPI). Conversely, this is the first role of this kind for Nicklin.
Picton Property Income (PCTN): Trevor Ash has bough his first tranche of shares since his appointment as a non-executive director in October 2005. We like to see such action as it aligns directors’ interest with those of the shareholders. That said, it’s a little disappointing it has taken six years to happen, in this case.
Rights & Issues (RIIC): Simon Knott, a director and former chairman of the company, sadly passed away on November 20.
Director Buying
Aberdeen Asian Income (AAIF)- Peter Arthur
JPMorgan Emerging Markets (JMG)- Percy Mistry
Lowland (LWI)- Robert Robertson
Mercantile (MRC)- Helen James
Mithras (MTH)- Adrian Johnson
Murray Income Trust (MUT)- Patrick Gifford
Murray International (MYI)- Alfred Charles Shedden
New India (NII)- Sarah Bates
Picton Property Income (PCTN)- Trevor Ash
Primary Health Properties (PHP)- M P Creedy
Renewable Energy Generation (WIND)- David Crockford, Andrew Whalley
Scottish Investment Trust (SCIN)- John Kennedy (manager)
Temple Bar (TMPL)- June de Moller, Richard Jewson, Arthur Copple
Value & Income (VIN)- David Smith
Witan (WTAN)- Catherine Claydon