LONDON (Alliance News) - SQN Asset Finance Income Fund Ltd on Wednesday said Non-Executive Chairman Peter Niven bought 5,000 C shares at 100.00 pence each in the company's combined share placing, open offer and offer for subscription.
Earlier on Wednesday, SQN said Non-Executive Director John Falla bought 4,961 C shares in the same share issue, which was first announced at the beginning of December. SQN at the time had said it issued a total of 180.0 million C shares in the company at 100.00p a share to raise gross proceeds of GBP180.0 million.
SQN did not say how many C shares either Falla or Niven hold following the transaction, which took place on December 12.
Shares in SQN were trading flat at 114.50p on Wednesday.
By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland
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