22nd Apr 2014 09:24
LONDON (Alliance News) - Gresham Computing PLC said Tuesday it has received notification from Kestrel Opportunities, part of Guernsey Portfolios PCC Ltd, that it acquired 25,000 shares at a price of GBP1.26 on Thursday.
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 5.3 million shares in Gresham representing 8.47% of the financial software company's issued share capital.
Gresham shares were trading at 126.30 pence per share Tuesday morning, down 1.3%.
By Henry Quintana
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