LONDON (Alliance News) - Auctus Growth PLC said Non-Executive Director Malcolm Burne bought 10,000 shares at a price of GBP0.4875 per share Wednesday.
Following this transaction, Burne holds 283,333 shares, which represents 10.62% stake in the trust.
Auctus Growth said earlier that it has raised GBP114,499.50 via the placing of 228,999 shares at a price of 50 pence per share.
The investment trust plans to use the proceeds to support its future acquisition plans.
On Monday, the company said it had pulled out of the proposed acquisition of a social media platform as it would "not be in the best interests" of its shareholders, and posted a GBP100,253 pretax loss for the first half of 2015.
The stock was trading down 6.2% at 47.35 pence Wednesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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