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(Sharecast News) - Sysgroup revealed on Tuesday that chairman Heejae Chae had acquired 800,000 ordinary shares in the AIM-listed IT service management firm.
Chae, who took over as chairman in July 2023, purchased the shares on Friday at an average price of 17.45p each, for a total value of 139,600.
Following the transaction, Chae holds a beneficial interest in 8.67m ordinary Sysgroup shares, representing approximately 10.39% of the company's issued share capital.
As of 1615 GMT, Sysgroup shares were up 7.19% at 18.49p.
Reporting by Iain Gilbert at Sharecast.com
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