Ingenious Media25 Sep 2009 11:34
[IMAC] With the announcement that on 22 September 2009 it was notified that, on the same day, Patrick McKenna, a non-executive director of IMAC purchased 900,000 ordinary shares of the Company at a price of 40 pence per share The Shares were purchased by Ingenious Media Limited, a wholly owned subsidiary of the Ingenious Media Holdings plc group. Patrick McKenna is chief executive of Ingenious Media Holdings plc and its controlling shareholder.
Following the acquisition of the Shares, Patrick McKenna had an interest in a total of 23,282,395 ordinary shares, representing 16.26% of the Company's total issued ordinary share capital (excluding shares held in treasury), all of which are registered in the name of Ingenious Media Limited.
I would imagine that this along with the previous 250,000 shares bought at the same price, we can expect that the independence of this Co to be the subject of great Boardroom discussion.