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Director dealings: Filta Group director lowers stake

Tue, 04th May 2021 15:28

(Sharecast News) - Filta Group revealed on Tuesday that non-executive director Roy Sayers had disposed of 1.20m ordinary shares in the AIM-listed commercial kitchen services provider.
Sayers, who was appointed to the board of Filta back in 2000, sold the shares on Friday at an average price of 140.0p each, for a total value of £1.67m.

Following the sale, Sayers still holds a beneficial interest in 8.48m ordinary shares in the company, representing 29.2% of Filta's issued share capital.

As of 1620 BST, Filta shares were up 1.53% at 146.20p.

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Filta Group Holdings PLC - Rugby, England-based Filta provides cooking oil filtration and fryer management services - Franchise Brands PLC says own shareholders vote overwhelmingly to approve its takeover offer for Filta. The all-share deal, which values Filta around GBP50 million, was agreed last month. Franchise Brands says has acceptances or undertakings to accept the offer for 23.8 million Filta shares, 81.8% of the total, unchanged from when the offer was first announced. Filta share holders will receive 1.157 Franchise Brands shares for each Filta share, worth 170.7 pence at the time the offer was made. The offer remains open until April 19.

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