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LONDON - Carol Kane, founder and Group Executive Director of Debenhams Group (AIM:DEBS), has purchased 6,862,230 ordinary shares at an average price of 14.50 pence per share, according to a company statement released Wednesday.
Following the transaction, Kane now holds 27,807,818 ordinary shares, representing approximately 1.99% of the company’s issued share capital.
Debenhams Group, formerly known as Boohoo Group, operates as an online retailer in the fashion, home, and beauty sectors. The company’s portfolio includes several online shopping destinations: Debenhams, Karen Millen, boohoo, MAN, and PLT.
The share purchase was disclosed in a regulatory filing as part of the company’s obligations to report transactions by persons discharging managerial responsibilities (PDMR).
Debenhams Group traces its history back to 1778 when William Clark opened what is described as the UK’s first department store. The Debenhams brand was relaunched as an online department store in 2021.
The information was provided in a press release statement issued by the company.
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