LONDON (Alliance News) - Fitbug Holdings PLC Thursday said a group of directors have indicated their intention to subscribe for shares in its open offer to raise GBP2.6 million.
Chairman Donald Stewart will subscribe for 2 million shares at the open offer price of 0.25 pence, as will newly appointed Chief Financial Officer Tyler Tarr and Non-Executive Mark Ollila. Chief Executive Officer Anna Gudmundson will subscribe for 2.4 million shares at the same price.
Shares in Fitbug were up 5.7% at 0.259 pence Thursday.
The open offer remains conditional on shareholder approval at a meeting to be held Friday.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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