5th Jul 2016 11:21
LONDON (Alliance News) - Action Hotels PLC on Tuesday said its chairman, his wife and a director of the company all bought shares on Wednesday last week.
Action, which runs three- and four-star hotels in the Middle East and Australia, said Sheikh Mubarak A M Al-Sabah, its founder and non-executive chairman, bought 116,606 shares. His wife, Alya Saleh Farid Mohamed Alawlaqi, bought 100,000 shares.
In addition, Development Director Rawaf I Bourisli bought 100,000 shares.
All the shares were bought at 55.5 pence per share. The stock was quoted at 52.88p on Tuesday, up 2.7%.
Following the purchases, Chairman Al-Sabah owns 97.2 million shares in the company, a 66% stake. His wife's purchase was her first. Bourisli owns 1.2 million shares, or a 0.8% stake.
By Sam Unsted; [email protected]; @SamUAtAlliance
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