30th Nov 2016 12:03
LONDON (Alliance News) - Altitude Group PLC Wednesday said Chief Executive Officer Martin Varley sold 500,000 shares at a price of 79 pence per share on Tuesday.
Following the sale, Varley holds 12.5 million shares, or a 27.96% stake.
"I have sold these shares in order to satisfy demand from a new investor and only after it proved impossible to identify any other potential sellers of size. I have no current intention of selling any further shares," Varley said.
The stock was up 7.1% at 93.15p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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