Contrary to first indications, it now appears that much of the 6.9% shareholding in Media Square built up by Bob Morton’s Hawk Investment Holdings in recent weeks was acquired from Yorkshire entrepreneur Anthony Gill and not from Hansa Trust (see Name from the past builds near 7% stake in Media Square). Gill notified Media Square yesterday that he had sold 1.3 million shares – the same number as were most recently acquired by Hawk.
Gill acquired a 16% shareholding last April (see Yorkshire entrepreneur buys 16% of Media Square) and the partial sale leaves him with a residual 12% stake. The shares were sold for about 14p, giving Gill an £80,000 profit over the six month period.
A sizeable parcel of shares was also sold on 22 October by Acuity VCT, a fund managed by a private equity house that was formerly part of Electra Partners Group. The purchaser has not been identified but could also have been Hawk.
Given the above disclosures it now seems likely that Hansa Trust has retained its 1.3 million shareholding – for the time being at least.
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BOB WILLOTT
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