25th Jan 2017 17:05
LONDON (Alliance News) - NEX Group said founder and Chief Executive Officer Michael Spencer and Chairman Charles Gregson both increased their shareholdings in the electronic trading and markets infrastructure provider.
IPGL, a vehicle connected to Spencer, acquired 23,581 shares on January 9 at a price of 499.95 pence per share and an additional 7,786 shares on January 10 at 500p each.
Following the transactions, Spencer holds a total beneficial interest in 64.7 million shares, or a 17% stake in the group.
The company also said Gregson, together with his wife, bought 6,621 shares at 540.5p each on Tuesday. After the purchase, he has an interest in 217,981 shares.
The stock closed up 2.1% at 555.41p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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