Cellmid CEO and non-executive director acquire shares in $6 million placement

Cellmid Ltd (ASX:CDY) CEO and managing director Maria Halasz and non-executive director Dennis Eck have participated a $6 million placement after receiving shareholder approval at a general meeting last month.

Halasz acquired 227,273 shares at 22 cents per share in an indirect interest increasing the total number of securities held in that interest to more than 2.427 million with another 420,000 held in a direct interest.

Also on June 18, Eck acquired more than 4.318 million shares with a value of $950,000 in a direct interest, increasing the total number of securities held to more than 12.497 million.

Change of substantial holder

Eck also changed his substantial holding in the company from 8.47% to 9.98% following the participation in the placement.

Japanese TV shopping sales

The company received a strong response to a sales event for its Jo-Ju® branded consumer products on Japanese television shopping channel QVC with wholesale revenue of $1.19 million.

The result from the Todays Special Value (TSV) event was slightly higher than the $1.Read More – Source