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DIRECTOR DEALINGS: Chairman Buys As Flowgroup Reports Loss

29th Sep 2015 09:16

LONDON (Alliance News) - Flowgroup PLC Tuesday said Non-Executive Chairman Clare Spottiswoode bought 143,500 shares at a price of 10.6 pence per share Monday.

Following this transaction, Spottiswoode holds 752,287 ordinary shares comprising 0.237% of the issued share capital.

Flowgroup on Monday reported a widened pretax loss for the first half of 2015, as the volume launch of its key Flow Boiler product was delayed due to a VAT ruling by the European Court of Justice, but the company said the relaunch of the product is expected in the first quarter of 2016.

Shares in the energy technologies provider were up 1.4% at 10.77p Tuesday.

By Arvind Bhunjun; [email protected]; @ArvindBhunjun

Copyright 2015 Alliance News Limited. All Rights Reserved.


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