LONDON (Alliance News) - Castleton Technology PLC said its new Chief Executive Officer Dean Dickinson bought 185,000 shares at a price of 53 pence per share on Thursday.
The purchase is Dickinson's only holding after being appointed in October. He replaced Ian Smith, who moved from CEO to deputy chairman.
Dickinson is the former managing director of Advanced Business Solutions, a unit of software services firm Advanced Computer Software Group Ltd.
The company also said MXC Capital Ltd, of which Smith is a substantial shareholder, purchased 700,000 shares at the same price. MXC now holds 18.8 million shares, or a 23.9% stake.
The stock closed down 6.8% at 53.13p Thursday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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