6th Jun 2014 11:51
LONDON (Alliance News) - Acal PLC Friday said non-executive Director Graham Williams bought 10,000 shares at a price of 397.50 pence per share.
Following this transaction, Williams is interested in 19,450 Shares, representing 0.06% of the existing share capital.
Acal said Thursday that it had agreed to acquire electromagnetic products manufacturer Noratel AS of Norway for GBP73.5 million in cash and assumed debt. The electronics supplier raised its annual dividend to 9.35 pence from 8.50 pence, as it saw profit improve in the year to end-March. Acal posted a pretax profit of GBP4.2 million, up from GBP700,000, as revenue rose to GBP211.6 million from GBP177.4 million.
Shares were trading at 406.00 pence up 19.3% Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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