3rd Oct 2013 08:50
LONDON (Alliance News) - Mobile Streams PLC Thursday said that Chief Executive Officer Simon Buckingham, sold 630,000 shares at an average price of 70.133 pence per share on Wednesday.
Buckingham still holds a 44.72% stake in the company, with a total of more almost 16.4 million shares. His sale represented 1.7% of the total.
Mobile Streams provides technology and services for the publication of content, primarily for distribution on wireless devices.
"The company continues to enjoy record growth in revenues and profits, and I remain excited by the company's strong long term growth prospects. The sale of these shares is for personal financial reasons only," said Buckingham in a statement.
Mobile Streams shares were trading at 72.28 pence per share Thursday morning, up 7.1%.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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