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LONDON - Capital Limited (LSE:CAPD) Executive Director Brian Rudd has sold 1 million common shares of the mining services company at a price of £1.03 per share, according to a company statement released Monday.
Following the transaction, which took place on October 2 and 3, Rudd retains ownership of 11,384,902 common shares, representing approximately 5.79% of the company’s issued share capital.
The sale was disclosed in accordance with UK Market Abuse Regulation requirements, which mandate that publicly traded companies report transactions by persons discharging managerial responsibilities.
Capital Limited describes itself as a mining services provider offering drilling, mining, maintenance, and geochemical laboratory solutions to customers in the minerals industry. The company maintains its corporate headquarters in the United Kingdom with operations across multiple countries including Canada, various African nations, Pakistan, Saudi Arabia, and the United States.
The information regarding the share sale was provided in a regulatory news service announcement issued by the company.
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