IN BRIEF: Smith family increase stake in Shoe Zone to 64% from 58%

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Shoe Zone PLC - Leicester, England-based footwear retailer - Chair Charles Smith buys 1.2 million shares at 50 pence each on Tuesday. In addition, Anthony Smith, brother of chair, buys 1.5 million shares at 50p each on Tuesday. As a result, the aggregate holding of the Smith family rises to 64% from 58%. As a result of their holding over 50%, the company agrees with the Takeover Panel that no obligation under Rule 9 will be triggered as a result of the Smith family’s percentage holding in the company increasing.

Current stock price: 53.90 pence, up 27% in London on Wednesday

12-month change: down 53%

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