Kiotech International PLC (AIM: KIO) said it was notified that group finance director Karen Prior today bought 150,000 shares in the company at 3.5 pence each.
The biotechnology company specialises in animal feed and pheromone products to the farming, commercial fishing and aquaculture markets. Through its partnership the the UK government’s Centre for Environment, Fisheries & Aquaculture Science (CEFAS), it developed pheromones being used in the sports fishing industry under the Ultrabite brand.
It sold the brand in December 2009 to Rappala VMC Corp for €900,000, in line with its strategy of supplying feed additives and nutritional products to the intensively farmed meat and fish protein industries where it expects global population growth and increased wealth in developing countries to drive demand for meat and fish.
In September 2009, Kiotech completed the acquisition of Optivite, one of the largest independent animal nutrition and feed additive businesses in the UK. http://www.proactiveinvestors.co.uk/companies/news/12679/kiotech-finance-director-buys-150000-shares-in-company-12679.html
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