LONDON - Richard Last, the Chair of iomart Group plc (AIM:IOM), a secure cloud services company, has increased his stake in the company by purchasing 50,000 ordinary shares, as reported on Friday. The acquisition was made on the London Stock Exchange (LON:LSEG)'s AIM Market at a price of 77.27 pence per share, totaling an investment of £38,637.20.
Following this transaction, Richard Last now holds a total of 50,000 ordinary shares, which equates to a 0.044% ownership of the total voting rights in iomart. This purchase marks an initial notification of Last's shareholding in the company as per the EU Market Abuse Regulation, which is part of UK law post-Brexit.
The company's shares, identified by the code GB0004281639, were traded on the London Stock Exchange, AIM Market (XLON) on January 9, 2025. The notification of this transaction is in line with the regulatory requirements for insiders of publicly-traded companies.
iomart has not provided further commentary on this transaction. This move by the Chair may be seen by investors and market analysts as a sign of confidence in the company's future prospects.
The information for this article is based on a press release statement from iomart Group plc.
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