LONDON (Alliance News) - Premier Technical Services Group PLC Monday said that Managing Director Roger Teasdale had sold shares to meet a tax obligation on a share transfer last Friday.
Roger Teasdale sold 1.8 million shares at 78 pence per share. Shares in Premier Technical were down 1.4% at 78.40p Monday afternoon.
These shares were sold to meet a tax obligation on a share transfer that took place last Friday, in which 3.9 million shares were transferred to Roger Teasdale for no consideration from Chief Executive Officer Paul Teasdale, Chairman John Foley, and Hawk Investment Holdings Ltd.
Following this sale, Roger Teasdale holds a 2.6% stake in the company, whilst Paul Teasdale holds 25.3%, as does Foley, and Hawk Investment has a 21.1% stake.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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