LONDON (Alliance News) - Falcon Media House Ltd said on Monday that Richard Magides had increased his stake in the technology and media group to 30% after a transaction on Friday.
Magides raised his holding to 16.6 million shares. Prior to the transaction, Magides held a 15% stake in the company.
GSC SICAV PLC dropped its stake in Falcon Media to 0% on Friday. Prior to the transaction, GSC SICAV held a 9.3% stake.
Shares in Falcon Media House were trading down 10% at 1.35 pence per share on Tuesday.