RE: Director Share Buying31 Oct 2019 09:37
Or 1/3rd of what Saladino paid to Lorne for his chunk
FastForward Innovations Limited (AIM: FFWD) announces that Mr. Lorne Abony, FastForward's Chief Executive Officer, has informed the Board of his intention to sell 12,248,436 Ordinary Shares of 1p each (representing 9.37 per cent. of the Company's issued share capital) in an off-market transaction at a price of £0.176 (17.6 pence) per share, for total consideration of £2,155,724 (the "Share Sale"). A further update announcement will be made once this sale has taken place.
He is now showing a loss of around £1.4 million
The purchaser is intended to be Mr. Peter Saladino, a US entrepreneur with a background in property development and early-stage investments in the US and Canada. He currently serves on the Board of Golden Leaf Holdings Ltd (CNSX: GLH) and was a seed investor and strategic advisor to Nuuvera Inc.