Investment bank Dawnay Day has bought 810,000 ordinary shares in Aim-listed property investment company Delyn Group.
The shares were bought from Honor Establishment for 117p a share.Delyn also announced that Guy Naggar, chairman of Dawnay Day, joined theboard as executive director.
Honor Establishment – a trustee of Delyn director Paul Norman – andDawnay Day also entered a put and call option. Dawnay can purchase thesame amount of shares again in three months under this option.
- Financial Times 23/01/98 page 22 (News Digest)
- The Daily Telegraph 23/01/98 page 32 (The Market)
