25th Jun 2015 07:12
LONDON (Alliance News) - Shares in consultancy and technology products business Imaginatik PLC were once more trading higher on Thursday morning after the company said former Quindell PLC chief Rob Terry and his Quob Park Estate investment vehicle have upped their stake in the business again.
Imaginatik said Terry has acquired a further 942,500 shares in the company at 7.59 pence to 8.27p, increasing his stake to 4.17%. On Tuesday, Imaginatik shares had been trading higher after it confirmed that Terry had increased his stake in the company to more than 3%.
Thursday morning, shares in the company were up 8.3% to 6.5p just after the open, one of the best performers in the AIM All-Share.
Terry is the former chairman of AIM-listed insurance technology and outsourcing business Quindell PLC and was ousted from his position in 2014 after he became embroiled in controversial share dealings.
By Sam Unsted; [email protected]; @SamUAtAlliance
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