13th Jan 2016 14:57
LONDON (Alliance News) - Bango PLC Wednesday said Chief Marketing Officer Anil Malhotra sold 20,000 shares at a price of 105 pence per share last Thursday.
The sale was conducted in order to use his and his spouse's annual Capital Gains Tax Allowances for the tax year 2015/2016, Bango said in a statement.
After the sale Malhotra holds four million shares equating to a 6.2% stake.
Shares in the mobile device software developer were down 4.3% 100.50p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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