PCI-PAL CEO Increases Stake with Share Purchase
Why we think this is neutral
The RNS announcement is a routine director dealing disclosure, which does not contain any material financial information or updates about the company's performance. The CEO's purchase of shares is a positive signal, but the size of the transaction is relatively small compared to the company's market capitalization. Overall, the news is neutral and does not significantly impact the investment case.
Key Points
- CEO James Barham purchased 33,851 ordinary shares at 59 pence per share
- Barham's beneficial interest in the company increased to 260,152 shares, representing 0.36% of total voting rights
Summary
The software company's CEO has purchased a small number of shares, increasing his stake in the business.
PCI-PAL PLC (AIM: PCIP), a global cloud provider of secure payment solutions, has announced that its Chief Executive Officer, James Barham, has purchased 33,851 ordinary shares at a price of 59 pence per share. This transaction increases Barham's beneficial interest in the company to 260,152 shares, representing 0.36% of the total voting rights.
DIRECTOR DEALINGS