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SpaceandPeople
- BY: Andrew Hore |
- POSTED: 01/07/2010 |
The liquidator of the Welsh Industrial Investment Trust has distributed the company’s shares in Aim-quoted experiential marketing company SpaceandPeople.
On 18 June, Gresham House received 350,000 shares at a notional price of 58p a share, taking its stake to 10.6%. SpaceandPeople non-executive director Alfred Stirling and his related interests received 217,000 shares at the same price, so his beneficial interest is 4.72%. No one else has declared any increase in their stake.
Since the 18 June, 18,425 shares have been traded. That was three deals and two of them were at prices lower than the spread quoted by market makers. The lowest price was 48p. Between the beginning of May and 18 June 7,712 shares were traded.
The share price has fallen by more than one-fifth since the beginning of June. At 55p a share, SpaceandPeople is valued at £10.7m.
Former Durlacher boss Christopher Stainforth was recently appointed a non-executive director of SpaceandPeople.
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