14th Jul 2016 11:09
LONDON (Alliance News) - Pennant International Group PLC Thursday said the pension fund of Non-Executive Director Christopher Powell sold 4.0 million shares at a price of 52 pence per share to existing institutional investors on Wednesday.
The sale is worth about GBP2.1 million.
Following this transaction, Powell holds a total beneficial interest in 6.3 million shares, or a 23.80% stake in the logistics support services group.
The stock was up 3.7% at 56.00p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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