LONDON (Alliance News) - Collagen Solutions PLC said Chairman David Evans bought 250,000 shares at a price of 8.65 pence per share Tuesday.
Following this transaction, Evans holds 12.9 million shares, which represents 7.54% stake in the firm.
Earlier Tuesday, the company said it expects its full-year revenue to be below market expectations due to contract delays, though the company still thinks its earnings will meet the market view. Collagen said it has seen some "slippage" in revenue for the year to the end of March, with the company to take a GBP360,000 hit from contract delays.
Shares in the developer and manufacturer of collagen components were down 11% at 8.25p Tuesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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