LONDON (Alliance News) - Kromek Group PLC said Chief Financial Officer Derek Bulmer bought 40,000 shares at 30 pence each on Thursday, which is his only holding in the company.
Earlier Thursday, Kromek said it is planning to raise GBP11 million via a discounted placing, which overshadowed its report of a narrower pretax loss and higher revenue for its financial year to the end of April. The radiation detection technology company said it will raise GBP11 million in a firm placing via the issue of 36 million shares at 25 pence per share, plus a further 8 million shares in an open offer at the same price. The discounted placing sent Kromek shares tumbling.
Kromek shares trade 15% lower at 29.50p Thursday, one of the worst performers on AIM.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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Kromek (KMK)