Assura non-execs back share growth

Non-executive directors of Warrington-based primary healthcare property landlord Assura Group, have made several acquisitions of shres in the company in the past month.

Chairman Simon Laffin, who joined Assura in September 2011 and is also a non-executive director of property company Quintain Estates & Development, bought 698,158 shares in Assura last week at 31.5p and 32p.

Assura's share price is close to a 52-week low, having fallen sharply in November when it announced a £33.5m rights issue to pay for the cancellation of an expensive interest rate swap bond deal it had with National Australia Bank.

At the end of January, David Richardson, another non-executive director, bought 167,805 ordinary shares at 29.5p.

The deals mean both Laffin and Richardson, still only have small stakes in the business – Laffin 0.19% and Richardson 0.03%.

Shares in Assura were up 1p to 32p on Monday, compared to a 52-week high of 49p and a 52-week low of 30p.

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