1st May 2014 09:41
LONDON (Alliance News) - Quindell PLC Thursday said Tim Scurry, a divisional chief executive, bought 100,000 shares at a price of 35.3 pence per share Wednesday, as directors of Quindell continue to buy shares in the AIM company.
Following this transaction, Scurry now holds 20.6 million shares, which represents 0.3% stake in the firm.
Late Wednesday, Quindell said Chief Executive Robert Fielding bought 196,989 shares at a price of 25.375 pence per share. Directors of Quindell have purchased over 1 million shares this week following a scathing report by US short-selling firm Gotham City Research last week, which caused shares in the software and consulting services company to decline sharply.
Quindell was up 0.7% at 25.17 pence Thursday morning.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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