Laurance boosts Axiom interest

Pivot Group chairman Peter Laurance has continued his acquisition of Axiom Properties Ltd's shares with the latest raid boosting his interest to 30.5 per cent.

Mr Laurence notified the stock market today that his interest in Axiom had risen from 29.5 per cent or 98.9 million shares to 30.5 per cent or 102.1 million shares.

Mr Laurance has now purchased over 7 million shares in Axiom since the end of April.

Shares in Axiom closed the day 1c to 13c.