Western Selection PLC said it has sold 130,000 shares in beauty products developer Swallowfield PLC at 320 pence each on Tuesday.
In an email statement released shortly, the company said As a result of this, Western Selection now holds 1.5 million shares representing 8.9% of Swallowfield’s share capital.
As a disclosure, the company said Western Selection’s Non-Executive Director Edward Beale also is a non-executive director of Swallowfield.
Shares in Swallowfield were trading up 3.5% at 367.49 on the London Stock Exchange
Corporate information (website)
Western Selection P.L.C. (‘Western’) is an investment company which, as a cornerstone investor, takes sizeable minority stakes in relatively small companies usually before or as their shares are admitted to trading on one of the UK’s stock exchanges and has directors who join the boards of these growing companies providing advice and support.
Western was incorporated in 1928 in England and Wales and the principal company legislation to which Western is subject is the Companies Act 2006.
Western’s share capital is admitted to trading on the NEX Growth Market (formerly, ISDX Growth Market).