19th Jan 2021 20:16
Quartix Holdings PLC - vehicle tracking systems supplier - Says Chief Executive Andrew Walters, his wife, a person closely associated with him, Dominie Walters, and AJ Walters Trust, have sold 7.2 million shares at a price of 401 pence each. Quartix says the sellers recognised the strategic importance of a strong and supportive institutional shareholder base hence have decided to release a portion of their shareholdings in order to help satisfy this demand. The company says it is not party to the placing and will not receive any proceeds from the placing. The shares of the placing represent 15% of the existing issued share capital of Quartix. Following the placing, Walters has a total beneficial interest in 10.7 million shares, representing 22% of the company's issued share capital.
Current stock price: 400.00 pence, down 0.3% on Tuesday
Year-to-date change: up 3.6%
By Evelina Grecenko; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Quartix Tech