18th Feb 2016 10:50
LONDON (Alliance News) - Norcon PLC Thursday said Chairman Trond Tostrup bought 140,000 shares at a price of 12 pence per share on Wednesday.
Following this transaction, Tostrup is interested in a total of 512,222 shares, which represents 1.04% of the company's issued share capital and voting rights.
Norcon on Wednesday had said trading in 2015 was broadly flat year-on-year, with a better performance emerging in the second half. The company said its revenue for 2015 will be similar to the prior year, as the restructuring the group has undergone in recent years starts to reap benefits.
Shares in the communications network company were up 2.0% at 13.00p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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