Richard Griffiths has increased his stake in Communisis, giving the Channel Islands’ based investor additional voting rights.
The latest share acquisition takes his holding in the Leeds-based company to 21.98%.
The investor has been growing his stake in the company over the last couple of years. In 2016 he held just 9%, but now his 44m shares have a value of £25m, making him the largest stakeholder, ahead of Gartmore Investment (39m shares).
It has also been announced that director, David Gilbertson acquired 39k shares this week, worth almost £50k.
Communisis is currently trading at its highest level for the year so far, with the share price at 57p, from a low of 35p.
