20th Nov 2015 15:32
LONDON (Alliance News) - Tesco PLC Chairman John Allan has now spent about GBP286,000 on shares in the supermarket across three purchases in the past two months, as well as a further GBP186,278 on medium-term notes issued by the FTSE 100 company.
Allan spent GBP86,075 on shares in the supermarket on Thursday, according to a stock exchange document on Friday, with a purchase of 50,000 Tesco shares at 172.15 pence each.
The chairman snapped up the shares at a price that was 11% lower than what he spent on 51,978 shares acquired at 192.39p each on October 26, when he also bought 198,000 5.5% 2033 Tesco PLC Medium-Term Notes at a price of 94.08 pence each.
Earlier that month, Allan bought 50,891 shares in the retailer at 196.5p each.
Shares in Tesco were falt at 172.05p on Friday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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