Director dealings: Cloudcoco chairman raises stake.
Cloudcoco revealed on Monday that chairman Simon Duckworth had acquired 7.5m ordinary shares in the AIM-listed e-commerce and IT procurement group.
Source: Sharecast
Duckworth, who was appointed to the board of Cloudcoco in June 2015, purchased the shares on on Friday at an average price of 0.165p each, for a total value of £12,375.
Following the transaction, Duckworth holds a beneficial interest in 207.68m ordinary Cloudcoco shares, representing approximately 22.2% of the company's issued share capital.
As of 1535 BST, Cloudcoco shares were up 18.18% at 0.20p.
Reporting by Iain Gilbert at Sharecast.com
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