Sunday, 24 July 2011

Circadian Technologies director tops up shareholding

Circadian Technologies' (ASX: CIR, OTCQX: CKDXY) non executive director Tina McMeckan acquired 30,000 shares at $0.61 cents per share on July 22 in on market purchases.

McMeckan purchased the shares for a consideration of $5,348.90 indirectly and now holds 38,773 shares in the company. The shares are held through the McMeckan family super fund.

Circadian has entered a very interesting phase in its development. From last month the company can now service interest from U.S. based investors after launching a Level 1 American Depositary Receipts (ADR) program and OTCQX quotation.

The dual listing was due to the company receiving interest from U.S. retail orientated broking houses, and also institutions with mandates to invest only in U.S. traded stocks.

Circadian Technologies is currently trading at A$0.64 per share.

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