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DIRECTOR DEALINGS: Seven SCISYS Directors Buy Shares

Tue, 10th May 2016 10:52

LONDON (Alliance News) - SCISYS PLC Tuesday said a group of seven directors bought shares at 70 pence per share on Monday.

Chairman Mike Love bought 41,841 shares, taking his holding to 4.3 million shares, equal to a 14.83% stake.

Chief Executive Officer Klaus Heidrich and Executive Director Klaus Meng each bought 10,460 shares, and now hold 60,460 and 2.8 million shares respectively. This equates to 0.21% and 9.75% of the issued share capital, respectively.

Deputy Chairman David Jones bought 8,368 shares and now holds 160,368 shares, or a 0.55% stake.

Non-Executive Director David Coghlan bought 6,276 shares which is his only holding.

Technical Director Steve Brignall bought 4,184 shares and now holds 126,293 shares, or a 0.43% stake, and Finance Director Chris Cheetham bought 2,720 shares and now holds 74,720 shares, equal to a 0.26% stake.

Shares in the software company were up 7.9% at 75.00p Tuesday.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

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