RE: Closed period10 Jan 2019 15:40
Gilders01,
The BOD cleared the purchase with the NOMAD - as the RNS stated:
'The directors' participation in the Placing is a related party transaction for the purposes of the Rule 13 of the AIM Rules for Companies ("the Transaction"). Kevin Alexander, a director of the Company who is independent of the Transaction, having consulted with the Company's nominated adviser, Cairn Financial Advisers LLP, considers the terms of the Transaction to be fair and reasonable insofar as the Company's shareholders are concerned.'
VAL, like all listed companies is in closed periods before the publication of financial results. Some listed companies use the excuse of being in a closed period to raise funds whilst the BOD are 'locked out'. Cynical...
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