Plastics Capital founding shareholder reduces holding

14th Feb 2013 15:57

Richard Vessey, the founding shareholder of Plastics Capital, sold a slice of his stake in the niche plastics products group. Vessey, who is also a Non-Executive Director, disposed of 142,809 at 81.50p each, generating £116,389. He now holds 2.47m shares in the company, equal to 8.98% of the issued share capital. At the end of January the group said it has been trading in line with market expectations, amid stable conditions. It said that although the market in Europe has remained depressed, elsewhere sales are growing as expected. Both margins and cash generation were reported to be strong and similar to those seen last year. Top Director BuysCity of London Investment Group (CLIG) Director name: Mr Barry M OlliffAmount purchased: 25,000 @ 295.00p Value: £73,750North Atlantic Smaller Companies Inv Trust (NAS) Director name: Mr Christopher H B MillsAmount purchased: 2,917 @ 1,320.00p Value: £38,504Legendary Investments (LEG) Director name: Mr Zafarullah KarimAmount purchased: 10,000,000 @ 0.100p Value: £10,000Top Director SellsPlastics Capital (PLA) Director name: Mr Richard VesseyAmount sold: 142,809 @ 81.50p Value: £116,389