Sunday July 5, 2020

Nagle increases stake in Payzone to 11.1%

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.

7th June, 2008

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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