Internet investors to expand domains

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TECHNOLOGY group Top Level Domain Holdings recently struck a funding deal to give it significant firepower as it competes to build its business.

The Aim-listed company is focused on the expanding market for top-level domains – such as .com – and has secured an agreement with an investor which it said would enable it to compete at auctions for domain rights without diluting shareholder value.

Following the announcement, two directors upped their stakes.

Caspar Veltheim purchased 80,000 shares at 8.5p each to take his stake up to 429,500 shares.

Fellow board member Michael Salazar purchased 500,000 shares at the same price.

• Keith Neilson, chief executive and co-founder of healthcare software company Craneware, has topped up his already substantial stake with the purchase of 12,800 shares at 395p each.

He now holds 3.47 million shares in the company.

Last week it posted a 7 per cent rise in revenues for the six months to 31 December, to £13.3 million.

• Richard Murray, chairman of entertainment services group Avesco, has bought 200,000 shares at 150p each.

Separately, several directors sold a total of 95,178 shares to cover their tax liabilities arising from the recent vesting of awards under the company’s long-term incentive plan.

• Joe Grimmond, a director of media and food container manufacturer Coral Products, has purchased 35,000 shares in the company at around 10p each.

He now holds just over 5 million shares in the company, which recently warned it was unlikely that overall sales and profit targets for the current financial year will be met.

The Merseyside-based company is looking to diversify away from the traditional CD and DVD case market, which has been in decline for some time.

• Raymond Garcia, chief operating officer of oil services group Enteq, has bought 10,594 shares at 71p each and now holds 509,196 shares.

The company’s latest update said a good pipeline of “sizeable opportunities” will deliver a strong recovery when budgets ease.

Several other directors have been upping their stakes recently.