1st Jul 2014 13:27
LONDON (Alliance News) - Acal PLC Tuesday said a group of executives including Chief Executive Nicholas Jefferies bought shares at a price of 176 pence per share pursuant a rights issue.
Details are as follows.
Name | Ordinary shares acquired pursuant to rights issue | Total holding following rights issue | Percentage held of enlarged issued share capital |
Richard Moon | 23,800 | 47,600 | 0.07 |
Nicholas Jefferies | 36,898 | 73,796 | 0.12 |
Simon Gibbins | 14,365 | 28,730 | 0.04 |
Graham Williams | 19,450 | 38,900 | 0.06 |
Richard Brooman | 4,000 | 8,000 | 0.01 |
Acal proposed a one-for-one rights issue to raise GBP55 million, with each rights share offered at 176 pence. Acal said this price offers a discount of around 49.0% on the company's closing middle market price June 4.
Shares in the electronics retailer were up 3.3% at 250.00 pence Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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