Peel Hunt Lowers Holding In Location Sciences To 16% From 23% (ALLISS)

LONDON (Alliance News) - Location Sciences Group PLC said Friday Peel Hunt LLP lowered its stake ...

Alliance News 14 September, 2018 | 2:51PM
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LONDON (Alliance News) - Location Sciences Group PLC said Friday Peel Hunt LLP lowered its stake in the company to 16%.

Prior to the deal, Peel Hunt's holding in the software company was 23%.

Location Sciences shares were trading down 13% at 0.02 pence each.

Last Wednesday, the company reported a narrowed interim loss due to a large revenue increase.

In the six months ended June, the mobile phone location data company posted a pretax loss of GBP1.1 million, narrowed from GBP2.2 million the year before, as revenue increased to GBP234,307 from GBP48,952.

By Elena Cherubini; elenacherubini@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
Location Sciences Group PLC 0.02 GBX -8.51 -
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