Print Published 26th Aug 2012, 19:42

Townshend waits for share payout from weakened Rapier

John Townshend may be waiting a little anxiously for payment of £500,000 outstanding in respect of his shareholding in Rapier that he agreed to sell for £1 million when he left that company in June 2010.  He is due to be paid by 31 December this year for the second tranche of 3,350 shares he held.