27th Feb 2014 16:12
LONDON (Alliance News) - Ortac Resources Ltd said Thursday that Chief Executive Officer Vassillios Carellas had transferred 10 million shares to his wife.
His wife subsequently sold 4.7 million shares at a price of 0.248 pence each and immediately repurchased 4.6 million shares at 0.25 pence through a Bed and ISA arrangement.
Following these transactions, Carellas has a 1.41% interest in the mining and exploration company.
Shares in Ortac last traded flat at 0.240 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @hanassallnews
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