6th Jun 2019 17:38
LONDON (Alliance News) - Non-Standard Finance PLC said Executive Director Miles Cresswell-Turner and his wife purchased combined 100,000 shares in two deals on Thursday.
Cresswell-Turner, who is also chief executive officer of Everyday Loans at the doorstep lender, purchased 80,000 shares at 42.555 pence each for a total of GBP34,044.
His wife, Fusca Millo, bought 20,000 shares at 42.4p each for GBP8,480.
Cresswell-Turner and Millo's total interests following the purchases were not disclosed.
Shares in Non-Standard Finance closed up 1.5% at 42.56p on Thursday.
Non-Standard Finance's hostile GBP1.1 billion takeover bid for fellow sub-prime lender Provident collapsed on Wednesday after it was blocked by a UK regulator.
The offer had a 54% acceptance level by Wednesday, which was the deadline for declaring a wholly unconditional bid.
Non-Standard Finance on Wednesday said: "The enlarged NSF group would not have sufficient regulatory capital on a consolidated basis at completion due to the expected level of minority interests at that point".
Related Shares:
NSF.L