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5p per share
The price at which new non-executive director Michael Butler agreed to subscribe for 2m new shares in cash-strapped mobile phones network The People’s Operator (TPOP:AIM), matching the level of the firm’s recent £1.7m cash call. This represents a sickening, if unsurprising, collapse for investors considering that the company originally raised £20m at 130p per share when it joined the junior market on 4 December 2014. The company has also had to pay board members in discounted stock in order to conserve cash. (SF)