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The Markets
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Software & services

Applabs Technologies director increases stake

Applabs Technologies (ASX:ALA) non-executive director Rocco Tassone has increased his indirect interest, acquiring $28,477 worth of shares in on market purchases.

Indirect interests of Tassone acquired 290,000 shares between 10th June and 12th June, increasing his total holding up to 405,000 shares.

He had acquired 107,520 shares for $10,665.92 ($0.0992 per share) on 10th June; 161,480 shares for $15,837.08 ($0.0981 per share) on 11th June; and 21,000 shares for $1,974 (0.094 per share).

Applabs is selling part of its Fee for Service division to Dapper Apps Pty Ltd, allowing it to continue its core focus of maturing its strategic investments.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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