Volex 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 provide any significant new information about the company's performance or outlook. While it demonstrates the director's confidence in the company, it does not warrant a strong positive or negative sentiment score.
Key Points
- Chief Operating Officer John Molloy has purchased 66,809 ordinary shares in Volex plc
- Molloy now holds a total of 2,377,015 shares, representing 1.29% of the company's issued share capital
Summary
The retailer's Chief Operating Officer has purchased additional shares in the company.
Volex plc (AIM: VLX) has announced that its Chief Operating Officer, John Molloy, has purchased 66,809 ordinary shares in the company at a price of 223.27 pence per share. Following this transaction, Molloy now holds a total of 2,377,015 shares, representing approximately 1.29% of the company's issued share capital.
DIRECTOR DEALINGS