Universe Group director sells partial stake to fund property acquisition

25th Jan 2016 16:15

(ShareCast News) - One of Universe Group's directors has sold a 3.5m share stake in the company to help fund a property acquisition.The point of sale, payment and on-line loyalty systems provider revealed on Monday that director Baljit Tank sold the shares for £262,500 late last week.He still holds a 5.1% stake in the company with 11,804,257 shares.Another director, Robert Smeeton, picked up a small portion of his shares in the transaction, buying 240,000 shares for £18,000.Top Director BuysMorrison (Wm) Supermarkets (MRW) Director name: Mr Rooney AnandAmount purchased: 12,500 @ 160.36p Value: £20,045Universe Group (UNG) Director name: Mr Robert Smeeton ACAAmount purchased: 240,000 @ 7.50p Value: £18,000Aberdeen New Dawn Investment Trust (ABD) Director name: Mr Susie RippingallAmount purchased: 12,500 @ 139.43p Value: £17,429Caledonia Mining Corporation (CMCL) Director name: Mr John Lawson KellyAmount purchased: 27,000 @ 41.71p Value: £11,262International Biotech Trust (IBT) Director name: Mr Caroline GulliverAmount purchased: 2,500 @ 468.00p Value: £11,700Top Director SellsUniverse Group (UNG) Director name: Mr Baljit Kumar TankAmount sold: 3,500,000 @ 7.50p Value: £262,500