YPB Group Ltd (ASX:YPB) founder, chairman, CEO and substantial holder John Houston has increased his stake in the company from 19.58% to 25.35%.
On February 2 Houston acquired 375 million shares in the company, increasing the number of shares held by him to about 1.197 billion shares.
This mean Houston now holds more than 25% of the company.
December quarter highlights
YPB has set its sights on a positive year ahead on the back of business improvement during the December quarter, where YPB recorded an increase of 130% in cash flow.
During the quarter R&D spend went up by 93% - the highest quarterly R&D spend of the year - with a concerted drive to make MotifMicro launch-ready and to complete Connect 2.0 including migrating customers to the new platform.