By Joe Hoppe
Everyman Media Group said shareholder Blue Coast Private Equity has increased its stake to 22.9% of its issued share capital, now worth around 11.5 million pounds ($14 million).
The cinema operator said in a regulatory disclosure Friday that Blue Coast purchased 2.5 million shares at a price of 55 pence a share, the company’s closing share price on Thursday. This brings Blue Coast’s total holding up to 20.9 million shares.
Everyman nonexecutive director Michael Rosehill is also a director of Blue Coast.
Shares at 0848 GMT were up 3.0 pence, or 5.45% at 58.0 pence.
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