22nd Jan 2016 09:51
LONDON (Alliance News) - Action Hotels PLC on Friday said its founder and chairman, Mubarak Al-Sabah, bought 1.5 million shares at a price of 48 pence per share from Development Director Rawaf Bourisli on Thursday.
Following this transaction, Al-Sabah holds 97 million shares, giving him a 65.74% stake and Bourisli holds 1.1 million shares, or a 0.77% stake.
Shares in the Middle East and Australian hotel operator were up 0.8% at 44.10p Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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