12th Jun 2019 15:02
(Alliance News) - Adhesives firm Scapa Group PLC on Wednesday announced a number of share purchases by its leadership, including by Chief Executive Heejae Chae.
On Wednesday, Chae bought 109,700 shares at a price of 183.8 pence each, for GBP201,629 in total. He now holds 0.6% of Scapa's shares, covering 981,467 shares.
On Monday, Scapa said CEO Chae has decided not to step down, despite the firm in mid-May saying he would be leaving.
Chair Larry Pentz on Tuesday bought 17,000 shares at 183.4p, for GBP31,178. He now owns 27,000 shares.
Chief Financial Officer Oskar Zahn on Tuesday purchased 8,300 shares at a price of 180p, for GBP14,940 in total. He now has 9,300 Scapa shares.
Further, Edward Baker, a person associated with General Counsel & Company Secretary Wendy Baker bought 10,908 Scapa shares at 181.95p on average, for GBP19,847.
Scapa shares were 5.5% higher on Wednesday afternoon at 193p each.
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