Infra.india Share News (IIP)

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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Inspirit Energy Holdings said it has raised GBP365,000 through the placing of 77.7 million shares at 0.47 pence each.

Inspirit said that Chief Executive John Gunn will participate in the placing by investing GBP75,000 and Non-Executive Chairman David Lenigas will convert an existing loan of GBP50,000 into placing shares.

Gunn also transferred 18.8 million shares to former investors in Disenco, the company which originally developed the Inspirit technology, for nil consideration.

Following the transactions, Gunn will hold 355 million shares representing 45.6% of Inspirit's issued share capital, and Lenigas will hold 16.6 million shares, representing 2.1% of its share capital.

Shares in Inspirit closed down 9.3% at 0.490 pence.
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Sound Oil said it issued 1.5 million shares in the company, including an exercise of options by Chief Executive James Parsons. The gas company said that Parsons exercised options to subscribe for 1.3 million shares at a price of 6.5 pence each. He then disposed of the same number of shares as well as an additional 160,000 shares, and transferred 100,000 shares to his wife for nil consideration. Following the transactions, Parsons now holds 884,603 shares, representing 0.2% of the company's issued share capital. Shares in Sound Oil closed down 0.3% at 18.20 pence on Friday.
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Solid State said Chairman Tony Frere sold 47,996 shares at a price of 775 pence per share on Friday, making the sale worth GBP371,969 before expenses. The company said he sold the shares to meet institutional demand. Following the sale, Frere has an interest of 8,004 shares in the company, representing approximately 0.1% of the issued share capital. Shares in the electronic components supplier closed up 1.7% at 820.00p Friday.
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Safestyle UK said Chief Executive Officer Stephen Birmingham bought 5,000 shares at a price of 236.225 pence per share. Following this transaction, Birmingham holds 3.9 million shares, representing 5% of the total issued share capital. Safestyle on Thursday had said it continued to trade well through the first half of 2015, with revenue expected to be higher year-on-year on the back of an improved order intake. The stock closed flat at 237.00p Friday.
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Infrastructure India said Chief Executive Officer Sonny Lulla bought 50,000 shares at a price of 17 pence per share Thursday. Following this transaction, Lulla is now interested in 700,000 shares, representing 0.10% of the company's issued share capital. Shares in the India-focused AIM quoted infrastructure fund closed up 12% at 18.48p Friday.
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CloudTag said it has appointed John Wakely as its finance director with immediate effect, replacing Interim Finance Director Mike Hirschfield, who will now step down from being a director of the company. Upon Hirschfield's resignation, the company will issue him with 1.6 million shares at a price of 2.25 pence to settle the outstanding GBP36,000 of fees owed to him. He has agreed not to sell any of these shares for a period of nine months. The stock closed down 14% a 2.26p Friday.
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By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

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