Tandem Group Director Increases Stake
Why we think this is neutral
This RNS announcement is a routine disclosure of a director's share purchase, which does not contain any significant business updates or financial information. While it indicates the director's confidence in the company, it does not provide enough context to determine the overall sentiment.
Key Points
- Non-Executive Director Simon Bragg has purchased 50,000 ordinary shares
- Bragg now holds 982,471 shares, representing 18.0% of the company's issued share capital
Summary
The retailer has announced a director has purchased additional shares in the company.
Tandem Group plc (AIM: TND), designers, developers and distributors of sports, leisure and mobility products, has announced that Non-Executive Director Simon Bragg has purchased 50,000 ordinary shares in the company at an average price of 174.025 pence per share. This increases Bragg's total shareholding to 982,471 shares, representing 18.0% of the company's issued share capital.
DIRECTOR DEALINGS