Fashion

Shoe Zone CEO and chair increase stake in company


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Image: Shoe Zone, Facebook

Shoe Zone CEO Anthony Smith and chair Charles Smith have snapped up 1.28 million pounds worth of shares in the company.

The two executives have acquired a total of 1.6 million ordinary shares of 1p each at a price of 80 pence per share.

Sheepy Magna Investments Limited, an investment vehicle in which Charles Smith has a 50 percent interest, has acquired 720,156 ordinary shares.

Meanwhile, Slawston Investments Limited, an investment vehicle in which Anthony Smith has a 50 percent interest, has acquired 900,720 ordinary shares.

The two now own 53.72 percent of the company’s shares.

In the six months to April 3, revenue at Shoe Zone dropped 41 percent to 40.4 million pounds, while statutory loss before tax expanded slightly from 2.5 million pounds to 2.6 million pounds.



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