News blog
IndigoVision Group
- BY: Andrew Hore |
- POSTED: 21/12/2011 |
Aberdeen-based Kuiper Ltd has taken a 6.6% stake in IP video security systems supplier IndigoVision Group.
The company was incorporated last August and the name changed from MM&S (5681) Ltd on 15 December. The company address is that of lawyers Maclay Murray & Spens LLP.
At 285p a share, up 22.5p, IndigoVision is valued at £21.5m.
Archon Capital Management reduced its holding in IndigoVision by 500,000 to 315,533 shares (4.18%) so the Kuiper stake could have come from Archon. New Pistoa Income has cut its stake from just over 4% to 0.3%.
Oliver Vellacott, a 23% shareholder in IndigoVision who was sacked as chief executive on 9 December, has requisitioned a general meeting in order to get himself reappointed to the board. The date of the general meeting has not been set yet.
Chairman Hamish Grossart has acquired 217,750 shares in the past week taking hi stake to 5.5%. New chief executive Marcus Kneen bought 8,000 shares at 250.5p each. He owns 2.5% of IndigoVision.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFDecember2011_27.pdf
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