27th Apr 2016 10:51
LONDON (Alliance News) - Software and consultancy services company Imaginatik PLC on Wednesday disclosed in a stock exchange filing that Quob Park Estate, the investment vehicle of Rob Terry, has upped its stake in the company.
Earlier in April, Imaginatik noted a report in the Daily Mail which suggested Terry, the founder of Quindell, had instructed his brokers to acquire as many shares in Imaginatik as possible for under 2.00 pence, a level they were under at several points during February and March before rising again.
On Wednesday, the company disclosed Quob Park has increased its holding in Imaginatik from just under 6.0% to 8.7%.
Imaginatik shares were up 3.4% to 5.56 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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