Roderick McIllree bought 7.5 million shares in 80 Mile (LON: 80M) at 0.002762p each. This takes the executive director’s stake to 6.4%. He is the largest shareholder. This comes after 80 Mile announced a deal to acquire 49% of Hydrogen Valley for £2m and 29% of the enlarged share capital of 80 Mile and a placing to raise £1.5m at 0.27p/share. That is likely to value the stake at more than £6m. The share price ended the week at 0.27p.
Roderick McIllree also took up 10 million shares in the placing, while chief executive Eric Sondergaard bought 9.26 million shares and non-executive director ...
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