27th Jan 2020 18:21
(Alliance News) - Proton Motor Power Systems PLC on Friday said a company associated with Chief Executive Faiz Nahab sold 75,550 shares on the Frankfurt Stock Exchange, and 40,000 shares on the London Stock Exchange on Thursday.
Shares in the energy equipment provider closed down 3.8% at 38.50 pence each on Monday in London. In Frankfurt, Proton shares were down 5.7% at EUR0.47.
SFN Cleantech Investment Ltd - which Nahab has a 2% stake in - sold 75,550 shares on the Frankfurt Stock Exchange at EUR0.48 each for a total of EUR36,264.
It also sold 400,000 shares on the London Stock Exchange at an average price of GBP0.44 each for a total of GBP176,000.
Following the transactions SFN holds 592.3 million shares in Proton, representing 88.3% of the company's issued share capital.
From January 14 to January 16, SFN disposed of a total of 19,084 shares on the Frankfurt Stock Exchange, and a total of 179,900 shares on the London Stock Exchange.
By Ife Taiwo; [email protected]
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