Tristel chairman sells

published 3 July 2009

Francisco Soler, non-executive chairman of Tristel, sold £315,680 worth of shares in the disinfectant supplier to satisfy institutional demand following the group's oversubscribed placing.

Soler disposed of 769,951 shares in Tristel at 41p each as the group raised £1m to part finance the purchase of a portfolio of infection control products for between £2.15m and £2.4m.

The group placed 2.7m shares at 41p each, which will help buy intellectual property and manufacturing rights from Medichem International. The placing was three times over subscribed.