7th Sep 2018 15:38
LONDON (Alliance News) - Vodafone Group PLC said Friday several members of its management team including Chairman Gerard Kleisterlee and Chief Executive Officer-designate Nick Read bought a total of 716,530 shares in the company.
Kleisterlee acquired 112,922 shares at a price of 164 pence each for a total of GBP185,564.
Read, who is due to take on the role of CEO on September 30, bought 150,151 shares at 165p each for GBP248,259, while current Chief Executive AMAP Vivek Badrinath purchased 99,100 shares at the same price for GBP163,851.
Group Enterprise Director Brian Humphries acquired 180,182 shares at 165p each for GBP297,912, while Group External Affairs Director Joakim Reiter purchased 18,017 shares at the same price for GBP29,789.
Lastly, Group Chief Commercial Operations & Strategy Officer Serpil Timuray bought 156,158 shares at 165p for GBP258,191.
None of the directors' total stake in the company following the transaction was disclosed.
Shares in the telecommunications company were trading up 0.8% at 165.36p each.
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