14th Dec 2015 09:53
LONDON (Alliance News) - International Personal Finance PLC on Monday said Chief Executive Officer Gerard Ryan bought shares a day after the lender warned it's Slovakian business could be hurt by new legislation in the country, causing the share price to sink.
Ryan 100,000 shares at a price of 292 pence per share on Friday, worth GBP292,000.
Following this transaction, Ryan holds 541,294 shares, which represents 0.25% stake in IPF.
International Personal Finance's update late on Thursday came one day after the Slovak parliament voted to adopt "previously undiscussed" proposals to amend various pieces of consumer legislation.
The stock hit its lowest price since June 2012 on Friday at 230.00p.
IPF shares were up 4.3% at 308.60p Monday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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