Volex Chairman 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 news that would impact the company's performance or outlook. While it shows the chairman's confidence in the company, it does not provide any material information to investors.
Key Points
- Executive Chairman Lord Rothschild purchased 14,841 Volex shares
- Lord Rothschild's total shareholding is now 25.42% of Volex's issued share capital
Summary
The retailer's executive chairman has purchased additional shares in the company.
Volex plc (AIM: VLX) has announced that its Executive Chairman, Lord Nathaniel Rothschild, has purchased 14,841 ordinary shares in the company at an average price of 224.5 pence per share. Following this transaction, Lord Rothschild's total shareholding in Volex is approximately 25.42% of the issued share capital.
DIRECTOR DEALINGS