Hot Group non-executive buys 1m shares

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Date: Monday 19 Jul 2004

LONDON (ShareCast) - Don Hanson, non-executive director of aim-listed recruitment consultant Hot Group, bought 1m shares at 17p bringing his shareholding to around 11.5m or just over 5% of the group.

In April the firm announced it was doubling in size with the acquisition of two agencies specialising in legal secretaries and educational staff.

The size of the companies means the deal will be structured as a reverse takeover, placing and open offer at 19p per share on a 1 for 6 basis is helping to fund the deal.

Hot directors Tony Reeves and Don Hanson agreed to take up 4.7m shares between them in the placing.

Top Director Buys

Hot Group (HOT)
Director name: Mr James D Hanson
Amount purchased: 1,000,000 @ 17.00p
Value: £170,000

Aberfth.Smll.Co (ASL)
Director name: Dr Walter Nimmo
Amount purchased: 10,000 @ 434.00p
Value: £43,400

Top Director Sells

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