16th Mar 2016 16:34
LONDON (Alliance News) - Alliance Trust PLC said its new Chairman Robert Smith bought 3,000 shares at 498.22 pence per share on Wednesday.
The purchase makes up Smith's entire holding in Alliance Trust. Having been appointed in January, Smith is also chairman of engineering company IMI PLC.
A boardroom shake-up saw Karin Forseke, the trust's former chair, leave at the end of 2015. Katherine Garrett-Cox, the former group chief executive, left her role as chief executive of the company's investment arm earlier in March.
The stock was up 1.3% at 949.00p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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