19th May 2016 15:19
LONDON (Alliance News) - Barclays PLC Thursday said Chief Executive Officer Jes Staley bought 144,000 American Depositary Shares at an average price of USD9.95051 each on Wednesday.
After the purchase Staley now holds 4.0 million ordinary shares.
One American Depositary Share represents four ordinary shares.
Staley, the former JP Morgan Chase & Co investment banker was named as the the successor to ousted retail banker Antony Jenkins in October 2015, when he stated his commitment to ensuring that Barclays' troublesome investment bank becomes less capital-intensive. He assumed the role in December.
The stock was up 0.2% at 170.85p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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