LONDON (Alliance News) - Imaginatik PLC said Tuesday that Executive Chairman Matt Cooper sold 10.4 million shares at 0.07 pence, and the company sold 54.1 million shares at the same price Monday.
The shares were held by Non-Executive Director, Simon Charles, for the benefit of the company, as a result of the full and final settlement of costs and damages owed by former CEO of Imaginatik Mark Turrell to both Cooper and the company.
Following this transaction Charles no longer holds any shares for either the company or Cooper, and Cooper retains a 5.5% interest in the company. The company no longer holds any shares.
Shares in the software company were trading down 4.6% at 0.0835 pence Tuesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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