18th Dec 2015 12:05
LONDON (Alliance News) - IT assurance company NCC Group PLC said a group of directors and non-executives took part in its recent open offer with shares priced at 275 pence in a move to boost NCC's position in the cyber security market.
Five board members acquired on Friday a total of 101,555 shares. Details are as follows.
Chief Executive Officer Rob Cotton acquired 64,285 shares to take his holding to 5.5 million shares, equivalent to a 1.99% stake.
Finance Director Atul Patel acquired 9,571 shares for a total holding of 105,284 shares, or 0.04% of the company.
Chairman Paul Mitchell acquired 20,400 shares to give him 650,000 shares, or 0.24%.
Non-executive directors Chris Batterham, Debbie Hewitt and Thomas Chambers acquired 2,000, 3,399 and 1,900 shares, respectively. This take their holdings to 22,000 shares, 37,389 shares and 20,900 shares, respectively.
NCC on Tuesday said it raised the full GBP126.0 million targeted from its recent firm placing, placing and open offer. In November, NCC said acquire Fox-IT Holding BV in the Netherlands. and would launch a large placing and open offer to cover the deal.
Fox-IT, based in Delft, provides high-end cyber security services, including products, managed services, threat intelligence, forensics and incident response.
NCC Group will be promoted to the FTSE 250 when the index changes come into effect on Monday.
The stock was up 0.3% at 288.50p Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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