LONDON (Alliance News) - dotDigital Group PLC Friday said five of its directors, including Chief Executive and Finance Director Peter Simmonds and Chief Operating Officer Tink Taylor, disposed of shares in the company between Wednesday and Thursday.
The digital marketing software and services company said the shares were sold in order to meet strong demand from institutional investors. The 12.4 million shares sold represent 4.5% of the total issued.
dotDigital published strong full year results on Tuesday, when it proposed a maiden dividend of 0.1 pence following increased revenues and pretax profits in the year ended June 30.
"We welcome the investment interest in dotDigital demonstrated by a number of highly regarded new institutional investors which we believe can only strengthen our shareholder base over the medium and longer term," Simmonds said.
dotDigital shares Friday closed at 21.50 pence, up 5.5%.
Director | Date of Transaction | Number of Ordinary Shares disposed of | Price at which the Ordinary Shares were disposed of | Beneficial holding of Ordinary Shares following this transaction
| Beneficial holding of Ordinary Shares following this transaction (%) |
| |||||
Ian "Tink" Taylor | 17/10/2013 | 5,000,000 | 19.96p | 44,876,667 | 16.26% |
| |||||
Simon Bird
| 17/10/2013 | 5,000,000 | 19.96p | 36,876,667 | 13.36% |
| |||||
Peter Simmonds | 17/10/2013 | 2,000,000 | 19.96p | 14,073,841 | 5.1% |
| |||||
Frank Beechinor | 17/10/2013 | 125,000 | 20.25p | 549,194 | 0.20% |
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Frank Beechinor | 18/10/2013 | 250,000 | 21.46p | 299,194 | 0.11% |
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By Samuel Agini; samagini@alliancenews.com; @samuelagini
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dotDigital Group (DOTD)