26th May 2016 16:31
(Correcting the number of shares bought by Gupta and his wife.)
LONDON (Alliance News) - Marshall Motor Holdings PLC said Chief Executive Officer Daksh Gupta bought 7,700 shares at a price of 193.80 pence per share Thursday.
The company also said Daksh Gupta's wife, Mackenzie Gupta, also acquired 7,700 shares at the same price.
After the purchases, Daksh Gupta holds 708,910 shares, equal to a 0.90% stake in the automotive retail and leasing group.
Marshall Motor Holdings on Thursday said it has bought Ridgeway Garages (Newbury) Ltd for GBP106.9 million in cash.
Ridgeway is a multi-franchise dealer group operating across the southern home counties and Wiltshire and Dorset, representing 12 brands via 30 franchised dealerships. It also operates five own-branded used car centres, two trade parts specialists, two service centres, two standalone body shops and a pre-delivery inspection centre.
The stock closed up 29% at 195.00p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
MMH.L