30th Sep 2014 16:07
LONDON (Alliance News) - Octagonal PLC Tuesday said it has bought a 3.05% stake in Hume Capital Securities PLC, a boutique London Stockbroker whose shares trade on AIM.
Hume Capital's principal activity includes the operation of an independent asset management, private client and institutional stockbroking, and corporate finance advisory business.
Hume operates in two segments: capital markets and wealth management. Its business focuses primarily on capital markets and wealth management, encompassing asset management and private client and institutional stockbroking services).
The company did not outline the financial terms of the deal.
Octagonal shares closed down 7.0% at 4.00 pence Tuesday, while Hume Capital shares closed down 4.8% at 0.100 pence Tuesday.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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