CIP Merchant Capital Ltd - AIM-listed closed-ended investment company incorporated in Guernsey - Acquires further 1.4 million shares in artificial intelligence data analytics company Ixico PLC for GBP1.1 million, suggesting a price of 76.39 pence each. CIP had bought 1.8 million Ixico shares for GBP1.2 million, about 67.25p per share, on Monday. CIP now has 3.2 million Ixico shares, a 6.7% stake. Ixico has a market capitalisation of GBP35.3 million. Says Ixico "maintains a solid pipeline with a contracted order book underpinned by its advanced data analytics capability in neuroscience".
CIP current stock price: 52.25 pence, down 3.7% on Thursday
Year-to-date change: up 3.5%
Ixico current stock price: 73.35 pence, down 0.2% on Thursday
Year-to-date change: down 28%
By Zoe Wickens; zoewickens@alliancenews.com
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