3rd Jul 2014 15:41
LONDON (Alliance News) - Blinkx PLC Thursday said Chief Executive Officer Subhransu Mukherjee bought 250,000 shares on Wednesday at a price of GBP0.34 per share, more than doubling his holding.
Shares in the online advertising company fell by 45% on Wednesday after it said its earnings before interest, tax, depreciation and amortisation will be around USD5 million below management expectations. The stabilized Thursday, closing down 2.4% at 30.75 pence.
Following his transaction, Mukherjee holds 400,000 shares.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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