(Correcting the date of the announcement of the placing.)
LONDON (Alliance News) - Epistem Holdings PLC said members of its board acquired shares at a price of 80 pence per share as part of a share placing on Tuesday.
Chief Financial Officer John Rylands acquired 162,500 shares and Chairman Ian Gilham and Chief Executive Officer David Budd each acquired 31,250 shares.
In addition non-executive directors Allan Brown and Roger Lloyd acquired 31,250 and 12,500 shares respectively.
Epistem Holdings said June 23 it had raised GBP6.5 million through a large and conditional placing of shares priced at a discount. This placing was approved by shareholders Monday.
Shares in the biotechnology and medicine company closed down 3.5% at 82.00p Tuesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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