Cambria Africa Plc chairman, Ian Perkins bought 65,000 shares from his company yesterday at 12.4 pence each; making his total shares in the company 265,000 shares, which gives him approximately 0.46 percent of the company’s share capital.
Non-Executive Director of the Zimbabwe-focused investment company, Paul Herber also raised his investment to 350,000 shares – about 0.60 percent of the group’s share yesterday.
According to Proactive investors, analyst Derren Nathan said the focus of the Zimbabwe investment group has moved from expanding into new areas to generating profitability amongst a select number of core subsidiaries, which are not only highly geared to GDP growth or embryonic within Zimbabwe, but vital to further development of the economy.
With primary investment in Zimbabwe, the long term, active investment company has been listed on the AIM market of the London Stock Exchange since 2007. The company was formerly known as LonZim plc, until February 2012 when it changed its name to Cambria Africa Plc.