9th Sep 2014 09:04
LONDON (Alliance News) - Synety Group PLC Tuesday said Chief Financial Officer Paul Williams bought 2,283 shares at a price of 218.45 pence per share for the benefit of his self-invested pension plan.
Following this purchase, Williams holds 39,607 shares, representing approximately 0.47% of the total voting rights.
The company also said Chief Executive Officer Mark Seemann bought 524 shares at 219p each for the benefit of his SIPP.
Seemann now holds 876,077 shares, representing approximately 10.4% of the total voting rights.
Synety earlier Tuesday warned its revenue for the full year will be below previous guidance, although it maintained its growth expectations for the following year, and it posted a narrowed pretax loss for the half year to end-June.
The cloud-based software and communications company posted a pretax loss of GBP3.0 million, narrowed from a loss of GBP3.8 million in the previous year, as revenue rose slightly to GBP608,000 from GBP547,000, and it saw lower administrative expenses and exceptional costs.
Shares were quoted at 174.00p down 21% Tuesday morning.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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