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Director dealings: Armadale Capital technical director raises stake

(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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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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