24th Apr 2014 11:58
LONDON (Alliance News) - Gresham Computing PLC said Thursday it has received notification from Kestrel Opportunities, part of Guernsey Portfolios PCC Ltd, that it acquired 37,500 shares at a price of GBP1.26 on Wednesday.
This follows from Kestrel's earlier acquisition of 25,000 shares in Gresham at the same price as reported on Tuesday.
Kestrel Partners LLP, in which Gresham Non-Executive Director Max Royde is a partner, is the investment manager to Kestrel Opportunities. Royde also is a shareholder in Kestrel Opportunities.
Following the transaction, Kestrel Opportunities holds 5.4 million shares in Gresham representing 8.53% of the financial software company's issued share capital.
Gresham shares were trading at 135.00 pence Thursday midday, up 7.1%.
By Henry Quintana
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