LONDON (Alliance News) - Several directors of Management Resource Solutions PLC bought shares in the company following an accelerated bookbuild open only to employees, contractors and directors.
On Friday, the company, which offers plant hire and equipment repair through its subsidiaries, said it placed 14 million shares at 6.5 pence each to its employees and directors.
Non-Executive Chairman John Zorbas acquired 4 million shares in a deal worth GBP240,000.
Chief Executive Officer Paul Brenton and Finance Director Tim Jones bought bought 1 million shares each for GBP60,000.
Chief Operations Officer Jonathon McTaggart acquired 200,000 shares for GBP12,000 and General Manager of Civil and Earthworks Division Shaun Fraser purchased 450,000 shares at GBP27,000.
The company said that the remaining 7.4 million shares have been taken by employees and contractors.
Shares in Management Resource Solutions were up 8.4% at 6.88p on Friday afternoon.