LONDON (Alliance News) - Ediston Property Investment Co PLC said a group of non-executives bought shares on Monday as part of the company's recent share placing.
Non-Executive Chairman William Hill purchased 35,000 shares. Lourde Archibald, a connected person to Robin Archibald, bought 10,000 shares. Robert Dick bought 20,000 shares.
Following the purchases Hill. Archibald and Dick hold 50,000, 25,000 and 30,000 shares respectively.
Ediston Property last Thursday said it raised GBP35.9 million via a share placing, slightly less than the GBP40 million the company had targeted when it announced the placing on Wednesday. Ediston issued 33.3 million shares at 108 pence per share.
The shares were issued under its existing placing programme ,and the issue was run by Canaccord Genuity Ltd as sponsor and placing agent.
Shares in the property investment company were down 1.4% at 107.50p Monday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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