6th Oct 2015 16:06
LONDON (Alliance News) - Outsourcery PLC said Co-Chief Executive Officer Simon Newton bought 38,400 shares at a price of 13.5 pence per share Tuesday.
Following this transaction, Newton's beneficial interest is 7.3 million shares in Outsourcery, representing approximately 13.18% of the current issued share capital.
Late last month, the communications outsourcing company said its pretax loss narrowed in the first half thanks to increased revenue, and said it will raise GBP1.0 million via a subscription with a strategic investor.
Outsourcery said it had agreed a GBP1.0 million subscription fundraising with Lawrence Jones, an individual investor, under which he will buy 5.6 million shares in the company for 18.0 pence per share. The new shares equal 10.52% of Outsourcery's existing total. Jones is the founder and chief executive of Manchester-based UKFast, an internet hosting provider.
Shares in the cloud services provider closed up 39% at 17.00p Tuesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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