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The Markets
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Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
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The Markets
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Pharma & Biotech

SkinBioTherapeutics shares jump 10% as mystery investor builds 22% stake through company crisis

SkinBioTherapeutics PLC (AIM:SBTX, FRA:5KW), the AIM-listed life sciences company focused on skin health, has seen its shares jump 11% to 11.14p after a regulatory filing revealed that investors Mark H Dixon and Diana Dixon had built a 22% stake in the business.

The couple's holding has risen sharply in a matter of weeks, from 5.64% at the start of the year to 20.47% as of 12 February, before crossing to 22.015% on 6 March.

The 57 million shares are held through Rock Nominees based in London.

The accumulation has taken place against a turbulent backdrop for the company, whose shares collapsed after the suspension and then resignation in February of chief executive Stuart Ashman amid allegations of financial misrepresentation.

The identity of Mark H Dixon has not been confirmed, and SkinBioTherapeutics has not commented on who stands behind the growing stake.

One unverified report has linked the name to a figure in horse race breeding, though this has not been substantiated.

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