RE: today5 Jun 2020 22:10
It certainly appears that the m+m's have parked the share price at around the £2.50 mark while they offload the Vagel shares onto the market. From this price it is easy for them to take the brakes off slightly and let market demand absorb reasonable sized tranches before working the price back down again. It looks like roughly 100,000 were put through this morning between 10.30 and 11.00 . Vagel took 811,988 shares without a lock in period to make sure they can get the full amount of money owed to them ( 2,066,257 euro's) immediately .A share price around £2.50 cover's this and any other expenses and dealing charges incurred.