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 last Thursday said it had raised GBP6.5 million through a large and conditional placing of shares priced at a discount, and warned shareholders that the company will be broke later this year if they fail to support the deal.
Shares in the biotechnology and medicine company were down 3.5% at 82.00p Tuesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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