11th Jul 2016 15:11
LONDON (Alliance News) - Collagen Solutions PLC said Chairman David Evans bought 900,000 shares at 6.0 pence each on Monday.
Following this transaction, Evans holds 14.8 million shares, or a 8.6% stake.
Collagen Solutions on Monday said it has seen a "positive start" to its new financial year, as it reported a narrowed pretax loss for its year just ended.
For its financial year to end-March the company reported a pretax loss of GBP866,290, narrowed from a pretax loss of GBP1.1 million the previous year, as a rise in revenue to GBP3.1 million from GBP972,846 was partly offset by higher administrative costs.
Shares in the collagen components maker were up 29% at 6.75p Monday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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