Thursday, 10 July 2008

Loosemore buys into Morse

Further to my report on Tuesday - Morse restructures For Sale? - I note that Morse's Executive Chairman, Kevin Loosemor, has bought 300000 shares at 46.9p for £141,000. This takes his holding to 700,000 .

The incentive for the purchase was that, yesterday, Loosemore was granted a nil-cost option over 1.05m ordinary shares exercisable in two year's time, but that would lapse unless his shareholding topped 619,500 ordinary shares within three-months

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