Gear4music CEO Increases Stake
Why we think this is neutral
This RNS announcement is a routine disclosure of a director's share purchase, which does not provide any significant new information about the company's performance or outlook. While it is positive to see the CEO increasing their stake, this type of news typically does not have a major impact on the share price.
Key Points
- CEO Gareth Bevan purchased 12,682 ordinary shares in Gear4music
- Bevan's shareholding now represents 0.5% of the company's total issued share capital
Summary
The retailer's CEO has purchased additional shares in the company.
Gear4music (Holdings) plc has announced that its Chief Executive Officer, Gareth Bevan, has purchased 12,682 ordinary shares in the company at an average price of 113.5 pence per share. Bevan's resulting shareholding in the company is now 104,267 ordinary shares, representing 0.5% of the total issued share capital.
DIRECTOR DEALINGS