16th Dec 2015 08:45
LONDON (Alliance News) - Self-storage provider Lok'nStore Group PLC on Wednesday said two of its directors have sold shares to a new institutional investor via a placing.
Chief Executive Andrew Jacobs and Chairman Simon Thomas told 200,000 shares apiece at 340.00 pence per share, representing a 1.4% stake in the business. The sale was worth GBP1.4 million.
The sales leave Jacobs with 5.3 million shares, or an 18% stake, while Thomas has 1.8 million shares, or a 6.2% stake.
The new investor was not named.
Shares in Lok'nStore were down 2.8% to 340.08p.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Lok N Store