Northampton-based farming company JO Adams & Co Ltd has sold its 7.8% stake in Westminster Group.
This stake was built up last summer. This was a time when Credit Agricole Cheuvreux International was reducing its stake in the security products and services provider.
The share price was just below 20p when Adams was buying and it fell to a low of 7.75p early this year. Since then it has recovered sharply following a positive trading statement saying that there was a 260% increase in revenues in 2011.
At 20.75p a share, Westminster is valued at £6.15m.
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