19th Oct 2015 11:46
LONDON (Alliance News) - Vela Technologies PLC Monday said Chairman Brent Fitzpatrick and Antony Laiker, an executive director, each acquired 2.9 million on Friday at a price of 0.17 pence per share.
Following these purchases, Fitzpatrick, whose shares were purchased by his wholly-owned company, Ocean Park Developments Limited, now has a beneficial interest in 4.4 million shares, equivalent to 0.75% of the issued share capital. Laiker now has a beneficial interest in 28.3 million shares, equivalent to 4.85% of the company's issued share capital.
On Friday, the technology investing company said its Revolve Performance Ltd portfolio company is trading in line with expectations, with weaker sales being offset by better margins.
The stock was down 5.6% at 0.170p Monday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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