14th Sep 2018 14:51
LONDON (Alliance News) - Location Sciences Group PLC said Friday Peel Hunt LLP lowered its stake in the company to 16%.
Prior to the deal, Peel Hunt's holding in the software company was 23%.
Location Sciences shares were trading down 13% at 0.02 pence each.
Last Wednesday, the company reported a narrowed interim loss due to a large revenue increase.
In the six months ended June, the mobile phone location data company posted a pretax loss of GBP1.1 million, narrowed from GBP2.2 million the year before, as revenue increased to GBP234,307 from GBP48,952.
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