14th Oct 2014 16:48
LONDON (Alliance News) - Rotala PLC Tuesday said Non-Executive Chairman John Gunn sold 379,358 shares for 55 pence per share on October 8, and now holds a direct interest in 6,421,488 shares, or 18.09% of the company's issued share capital.
Rotala also said that the Ingrid Croft Trust, of which Gunn is a trustee but not a beneficiary, sold 16,666 shares for 55 pence each, leaving the trust with 18,334 shares, or a 0.05% stake in the company.
The 181 Fund Ltd, of which Gunn is a director with a 28.2% stake, has also sold 300,000 shares for 55 pence per share, leaving it with 1,680,221 shares, or 4.73% of the company's issued share capital.
Following these share sales, John Gunn has in total a direct and indirect interest in the company, including the interests of the Ingrid Croft Trust and The 181 Fund Ltd, of 9,200,043 shares. This represents a holding of 25.92% of the shares in issue.
Rotala shares closed down at 55.00 pence per share on Tuesday.
By Joshua Warner; [email protected]; @JoshAlliance
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