20th Jan 2016 17:11
LONDON (Alliance News) - James Cropper PLC, a specialist materials group and makers of fine paper, on Wednesday said Chairman Mark Cropper bought 2,000 shares from Chief Technology Officer Patrick Willink for GBP12,850.
In addition, the chairman bought a further 1,850 shares from an unnamed member of the Cropper family at 642.5 pence per share, the same price paid for Willink's shares.
The 3,850 shares purchased by the chairman are being transferred to the Anthony Charles Cropper Settlement, in which he has an interest.
Cropper, his family member and Willink were previously deemed to be acting in concert under UK takeover rules. The concert party owns 39.2% of the company.
The chairman now has a 13.3% beneficial interest in the company, as well as a 6.1% non-beneficial interest.
Willink's beneficial interest amounts to 0.5% of the company, while his non-beneficial interest stands at 12.3%.
Shares in James Cropper closed down 0.4% at 640.0 pence on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
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