7th May 2019 12:48
LONDON (Alliance News) - Property Franchise Group PLC said Tuesday Close Asset Management Ltd had doubled its stake in the estate agent franchising group.
Close held 2.8 million shares in the firm - formerly known as MartinCo PLC - after the transaction last Wednesday, equivalent to a 11% stake in the 25.8 million shares outstanding in the firm. Prior to the transaction, Close held a 5.5% stake in Property Franchise.
Shares in Property Franchise were 0.2% higher at 158.75 pence on Tuesday.
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