25th Jan 2016 12:25
LONDON (Alliance News) - Universe Group PLC Monday said Baljit Tank, a director, sold 3.5 million shares at a price of 7.5 pence per share on Friday.
The sale was conducted in order to to fund a property acquisition, the company said in a statement.
Following the sale, Tank holds 11.8 million shares, representing a 5.1% stake.
The company also said Finance Director Robert Smeeton bought 240,000 shares at the same price on Friday. He now holds 626,240 shares, representing approximately 0.3% of issued shares.
Shares in the payment and on-line loyalty systems software developer were up 1.2% at 8.61p Monday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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