24th Dec 2019 10:43
(Alliance News) - Creo Medical Group PLC said that Non-Executive Chair Charles Spicer and Non-Executive Director David Woods bought shares in the company on Tuesday.
The shares were purchased following the company's recent fund raise and at the same price of 180 pence.
Spicer acquired 13,800 shares for a total of GBP24,840. Meanwhile Woods bought 25,000 shares for GBP45,000. Spicer now holds 93,810 shares and Woods 25,000 ordinary shares.
Creo Medical on Monday said it had conditionally raised GBP1.9 million via an open offer of shares.
The medical device company said it received valid acceptances in respect of 594,078 shares and applications for 463,317 shares under the excess application facility. Creo had hoped to raise up to GBP6.6 million from the open offer, issuing up to 3.7 million shares.
Following a share issue earlier in December for GBP50 million, this takes the total raised by Creo Medical to GBP51.9 million.
Creo Medical shares were trading flat in London at 180.94 pence each on Tuesday.
By Loreta Juodagalvyte; [email protected]
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