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(Sharecast News) - Armadale Capital revealed on Thursday that technical director Matt Bull had acquired 14.28m ordinary shares in the AIM-listed investment group.
Bull snapped up the shares via a recent company-led subscription at an average price of 0.70p each, for a total value of 100,000.
Following the transaction, Bull holds a beneficial interest in 62.06m ordinary Armadale shares, representing approximately 9.4% of the company's issued share capital.
As of 1615 BST, Armadale shares were up 5.14% at 0.37p.
Reporting by Iain Gilbert at Sharecast.com
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