Asite directors invest

A Stock Exchange announcement says Asite CEO Tony Ryan, COO Nathan Doughty and non-executive director (and former CEO) Gordon Ashworth have increased their stakes in the UK construction collaboration technology vendor.

Ryan bought 186,577 shares at an average price of 2.38 pence apiece, lifting his stake in the company to 442,156 shares (c 0.43%). Doughty acquired 73,108 shares at an average price of 4.75 pence each, taking his shareholding to 446,162 shares (also c 0.43%), while Ashworth’s purchase of 250,555 shares at 2.87 pence each takes his holding to 285,555 shares (c 0.28%).

The trades resulted in Asite shares climbing from under 2p to 3.625p, their highest value since June 2006 – when they briefly reached 4p following Doughty’s initial £10k investment in the firm. However, at 0940am this morning they were drifting back down, 3.125p (Update (1655pm GMT): Asite shares closed at 2.75p).

Related posts: Nathan ups his Asite stake (18 January 2007); Now Tony invests in Asite (15 January 2007); Nathan invests in Asite (05 June 2006)

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