4th Apr 2019 13:28
LONDON (Alliance News) - Peel Hunt LLP said on Thursday that Craig Burton, founder and former non-executive director of drilling services company Capital Drilling Ltd, has sold GBP4.8 million in shares through a placing.
Burton sold 10.0 million Capital Drilling shares at a price of 48 pence per share, reflecting 7.3% of the company's issued share capital. Capital Drilling will not receive any proceeds from the placing.
Shares in Capital Drilling were down 3.0% at 48.00 pence on Thursday.
Peel Hunt and Tamesis Partners LLP acted as joint bookrunners for the placing.
Burton now holds 10.8 million shares in Capital Drilling following the placing.
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