2nd Jul 2015 08:59
LONDON (Alliance News) - TLA Worldwide PLC said Greg Genske, a director, sold 4 million shares at a price of 41 pence per share Thursday in a deal worth GBP1.6 million gross.
Genske sold the shares in order to settle a tax liability relating to the consideration settled in shares by the company for the acquisition of LS Legacy Sports LLC in December 2011.
Following this transaction, Genske holds 4.1 million shares, which represents 2.98% of the company's total issued share capital.
The company also said Non-Executive Director Ian Robinson bought 40,000 shares at the same price. The shares are his only holding after being appointed in May.
Shares in the athlete representation and sports marketing business were flat at 45.50p Thursday morning.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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