Having taken his stake in 1st Dental Laboratories to more than 10% a fortnight ago Peter Gyllenhammar has reduced it to 7.88%
Gyllenhammar has sold 1.1m shares in the dental labs operator on 20 and 21 April. A 5.375p a share 1st Dental is valued at £2.26m. The bid/offer price is 5p-5.75p.
The mid-price was 2.75p when Gyllenhammar acquired his shares. Although he has not necessarily traded at the market prices he is likely to have made a good turn on the shares he has sold.
1st Dental says that it expects to return to profit in the six months to May 2010.
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