30th Jun 2016 11:38
LONDON (Alliance News) - Snoozebox Holdings PLC said Chairman Chris Errington bought 2.2 million shares at a price of 0.45 pence per share on Thursday.
The purchase is Errington's only holding in the portable hotel company.
Snoozebox on Wednesday reported a wider pretax loss in 2015 due to exceptional costs it booked and higher central overheads, but revenue grew on the back of a strong performance from its semi-permanent hotels.
The company said its pretax loss in 2015 widened to GBP18.9 million from GBP5.6 million in 2014, despite revenue more than doubling to GBP5.8 million from GBP2.8 million.
The stock was up 44% at 0.650p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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