26th May 2016 11:07
LONDON (Alliance News) - Marshall Motor Holdings PLC said Chief Executive Officer Daksh Gupta bought 15,240 shares at a price of 193.80 pence per share Thursday.
The company also said Daksh Gupta's wife, Mackenzie Gupta, also acquired 15,240 shares at the same price.
After the purchases, Daksh Gupta holds 723,990 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 was up 24% at 188.00p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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