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QVT Fund sells Orphanides stocks

13/10/2009 10:01
QVT Fund proceeded on Monday with the sale of its stake in Orphanides. According to the announcement released today, “QVT Fund LP that it has disposed the shares that it held in the Company’s capital, that is, 10,836,780 (13.38%) to Taquin Holdings Limited. The transaction was carried out on October 12, 2009 against €2,3 million”. QVT Fund has been the major shareholder since 2007.

Yesterday, Orphanides closed 5.56% stronger at €0.38 attracting €2.5 million of the volume.