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RiverFort Global Opportunities Plc ( (GB:TOO) ) just unveiled an announcement.
Tooru plc disclosed that chief executive Scott Livingston has increased his stake in the AIM-quoted health and wellness group, purchasing 10,160,333 ordinary shares between 27 February and 4 March at an average price of 0.2422p. The transactions, which include shares acquired via his SIPP, lift his direct holding to 194,053,933 shares, representing 8.86% of the company’s issued share capital.
The company also highlighted the position of the so-called Concert Party, comprising S-Ventures plc, Livingston and his close relatives, which had previously been diluted to 32.44% following recent equity fundraising activity. Relying on a specific dispensation under the Takeover Code, Livingston’s latest purchases raise the Concert Party’s aggregate interest modestly to 32.90%, signalling continued insider confidence while remaining below the threshold that would trigger a mandatory takeover offer.
More about RiverFort Global Opportunities Plc
Tooru plc is an AIM-listed company operating in the branded health and wellness sector. The group focuses on developing and marketing consumer-facing wellness brands, targeting growth in the broader health-conscious consumer market through its portfolio of products and related services.
Average Trading Volume: 11,256,983
Technical Sentiment Signal: Sell
Current Market Cap: £5.15M
See more insights into TOO stock on TipRanks’ Stock Analysis page.