1st Oct 2015 07:46
LONDON (Alliance News) - Software-as-a-service company Access Intelligence PLC said its Non-Executive Chairman Michael Jackson sold 5.0 million shares in the company on Thursday for 4.0 pence per share, worth GBP200,000.
Jackson sold the shares in order to cover an accelerated payment notice he received from the UK tax authority, HM Revenue & Customs, in relation to his personal tax affairs, Access said.
He now owns 20.9 million shares in the company, or a 7.5% stake.
Jackson's trade was the only one for the stock early Thursday, leaving it quoted down 20% on the day.
By Sam Unsted; [email protected]; @SamUAtAlliance
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