Acuity RM Group directors buy shares
Why we think this is neutral
This RNS is a routine regulatory announcement of director share purchases, which does not have a material financial impact on the business. The purchases by the Chairman and CEO suggest they have confidence in the company's prospects, but the amounts are relatively small compared to the company's market cap.
Key Points
- Chairman Angus Forrest purchased 500,000 shares
- CEO David Rajakovich bought 2,500,000 shares
- Purchases made at an average price of 1.950p and 1.938p respectively
Summary
The software group announced its Chairman and CEO have purchased shares in the company.
Acuity RM Group plc (AIM: ACRM), an established provider of risk management services, has announced that its Chairman Angus Forrest and Chief Executive David Rajakovich have purchased ordinary shares in the company. Forrest bought 500,000 shares at an average price of 1.950p, while Rajakovich purchased 2,500,000 shares at an average price of 1.938p.
DIRECTOR DEALINGS