Lo-Q founding director trades in 200,000 shares

21st Feb 2013 16:18

Leonard Sim, the founding director of Lo-Q, an AIM-listed technology solutions provider to the attractions and leisure industry, sold one million pounds-worth of shares in the group on Thursday. The transaction reduced Sim's stake by 200,000 shares, which he disposed of at 500p each. He now holds 11.32% of the issued share capital. Fellow board member Anthony Bone, a non-Executive Director of the firm, also made a sale, trading in 80,000 shares at an average price of 498.5p earning him a total of £398,800. The transactions came just over a week after the group revealed double digit growth in its preliminary results, as demand for its systems at entertainment theme parks and water parks soars. The group, which provides virtual queuing systems provider for theme parks, water parks and attractions, said pre-tax profit surged 16.7% to £3.2m for the period ended November 4th 2012, while revenue climbed 18.7% to £29.1m.Top Director BuysConygar Investment Company (CIC) Director name: Mr Preston Rabl Amount purchased: 40,000 @ 105.00p Value: £42,000Top Director SellsBrammer (BRAM) Director name: Mr Paul ThwaiteAmount sold: 5,500 @ 340.00p Value: £18,700