Businessman John Nagle has increased his stake in Payzone, the company that ousted him as chief executive earlier this year, ahead of an egm next week.
Nagle bought more than 1 per cent of Payzone last week, bringing his total stake to about 11.1 per cent. It is understood that he bought the shares at 12p each, significantly below the 20p a share price fixed for an upcoming rights issue at the company.
Payzone was formed last...
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