11th Jul 2016 15:40
LONDON (Alliance News) - Collagen Solutions PLC said Chairman David Evans bought 1.2 million shares at 8.0 pence each on Monday.
The purchase adds to the 900,000 shares Evans bought earlier at 6.0p each on Monday. After the purchases, he now holds 16 million shares, or a 9.3% 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 closed up 33% at 7.00p Monday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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