(Alliance News) - Renewable fuels firm Velocys PLC said on Friday that six company directors were involved in share purchases at 3.00 pence each as part of a placing programme in July.
Chief Executive Henrik Wareborn purchased 666,666 shares for just under GBP20,000, adding to the one million shares he held prior to the transaction.
Non-Executive Chair Pierre Jungels bought 500,000 shares for GBP15,000 altogether, taking his total stake to 923,031 shares.
Finance Chief Andrew Morris, Senior Independent Director Philip Holland and Non-Executive Director Darram Messem all purchased 333,333 shares for just under GBP10,000. Morris now owns 433,333 company shares, while neither Holland or Messem owned shares prior to the transaction.
Cecil Shaw, a person "closely associated" with Sandra Shaw, a non-executive director, also purchased 333,333 shares. Sandra Shaw now has an interest in 451,091 company shares.
In a separate announcement, Velocys said investment management company Invesco Ltd cut its holding in firm to below 5% from 7% in a transaction on Thursday.
Shares in Velocys were down 1.1% at 3.04p each in London on Friday afternoon.
