LONDON (Alliance News) - Surveillance, security and safety video services provider Digital Barriers PLC on Wednesday said four of its directors acquired shares issued by the company to back its acquisition of US surveillance services company Brimtek Inc.
Digital Barriers agreed to acquire Brimtek earlier this month for a total of GBP29.6 million, with GBP25.8 million of the funding coming from the issue of 80.6 million shares at 35.00 pence per share.
Among the directors, Chairman Tom Black acquired the most shares in the issue, buying 4.5 million shares to increase his total holding to 9.3 million shares, or a 5.6% stake in the business. The transaction was worth around GBP1.6 million.
Chief Operating Officer Colin Evans bought 800,000 shares, doubling his total holding to 1.6 million shares, or a stake of around 1.0%.
Sharon Cooper, the finance director, bought 28,571 shares, taking her holding up to 96,138 shares, while Non-Executive Director Paul Taylor acquired 42,857 shares, taking his holding to 118,651 shares.
Shares in Digital Barriers were up 1.4% on Wednesday to 46.89p.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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