A further 8.31% of Inveresks issued share capital has been bought, but the ultimate beneficiary is as yet unknown.


City of London-based Peel Hunt Nominees, which holds shares on behalf of a company or individual, notified Inveresk that it had become a registered holder of over 4.2m shares.


Inveresk finance director Gerard Cassels said the group would contact Peel Hunt in due course to ask for the identity of the beneficial holder or holders of the shares.


Twice this year Klippan Paper chairman Jan Bernander has bought Inveresk shares in an individual capacity and his holding stands at 6.3% (PrintWeek, 9 February).


Klippan Paper bought 3.8m shares as a company last year.
Cassels also confirmed that the process of finding a successor for managing director Stefan Kay was underway. Kay will stand down as managing director at the groups AGM in April (PrintWeek, 2 March).