Cryo-Save's Goossens raises stake

Johan Goossens, the non-executive director of Cryo-Save, has taken advantage of the recent slump in the stem cell storage firm's share price by increasing his stake to over 16%.

Goossens spent £116,000 to buy 800,000 shares at 14.5p each, increasing his stake to 7.5m shares, or 16.21%.

Shares in last month have fallen by over a half in the group after it scaled back expectations for the second half and beyond due to the recent economic turmoil.

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It expects samples stored for the second half to be broadly in line with the 12,537 stored in the first half, while profitability the following year will be 'significantly below market expectations'.

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