Sale represents 4.6% of present authorised and issued share capital
LitComp, a provider of after-the-event insurance and a national supplier of medico-legal reports and litigation services, announced that Nigel Wray, a major shareholder of Prestbury Investment Holdings, has purchased 235,000 shares at 62p a share.
The sale represents 4.6% of the present authorised and issued share capital.
Wray is also the holder of £1m of the £3,455,000 issued secured 10% convertible 2008 loan notes.
The deal follows the company's final results on 9 July, where LitComp announced a return to profitability, reporting a net profit before tax of £0.83m compared to amended losses for the previous year of £0.58m.
