Street Calls of the Week
LONDON - Two non-executive directors of Debenhams Group (AIM:DEBS) have purchased additional shares in the company, according to a regulatory filing released Thursday.
Iain McDonald acquired 300,161 ordinary shares at an average price of 13.143 pence per share on September 22, bringing his total holding to 1,180,000 shares, representing approximately 0.08% of the company’s issued share capital.
Fellow non-executive director John Goold purchased 200,000 ordinary shares at 12.5 pence per share on September 24, increasing his stake to 263,956 shares, or about 0.01% of the company’s total shares.
The transactions come as Debenhams Group, an online retailer operating across fashion, home, and beauty categories, continues to develop its digital presence. The group encompasses several brands including Debenhams, Karen Millen, boohoo, MAN and PLT.
Debenhams, which traces its history back to 1778 when William Clark opened the UK’s first department store, was relaunched as an online department store in 2021 following its acquisition.
The share purchases by the directors were disclosed in a regulatory announcement to the London Stock Exchange as required under market rules for transactions by persons discharging managerial responsibilities.
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