Active investor Gresham House Strategic (LON: GHS) has increased its stake in Universe Group (LON: UNG) following the appointment of a new chief executive at the retail management and loyalty systems developer and installer.
The shareholding has increased from 12.84% to 17.06%. Gresham House Strategic reported its initial 4.83% stake in October 2017 and it was increased to 9.4% in November 2018. There were further purchases up until April 2019. The Universe share price has recovered to 4.6p, but it is still well below the level when the original stake was bought.
Neil Radley is joining ...
