LONDON (Alliance News) - Allocate Software PLC Friday said Chief Executive Officer Ian Bowles following the exercise of 600,000 options under the Company's Unapproved share option scheme sold 476,968 shares at a price of 116 pence per share, thereby retaining 123,032 of the resulting shares issued Thursday.
Following this transaction, Bowles is interested in 802,730 shares, representing approximately 1.2% of the total issued share capital.
Shares in the software company were down 1.0% at 116.80 pence Friday morning.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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