Gold prices edge higher; Russia-Ukraine, Jackson Hole symposium in spotlight
LONDON - Mortgage Advice Bureau (Holdings) plc (LSE:MAB1), a leading mortgage advisory firm, announced that Nathan Imlach, a senior independent director of the company, has increased his stake by purchasing additional shares. On Monday, Imlach acquired 271 ordinary shares at a price of 804.43p per share, resulting in a total holding of 33,965 shares, which represents 0.06% of the issued share capital.
This transaction was conducted on the London Stock Exchange (LON:LSEG)’s AIM market and has been disclosed in accordance with the UK Market Abuse Regulation. The purchase also involved a person closely associated with Nathan Imlach, Donna Imlach, as per the initial notification.
The company has made this information public following the regulatory requirements that mandate disclosure of transactions by persons discharging managerial responsibilities and their closely associated persons.
This acquisition of shares by a director is often seen as a positive signal to the market about the confidence in the company’s future prospects. Investors typically monitor such transactions for insights into the sentiments of a company’s leadership regarding its valuation and financial health.
Mortgage Advice Bureau has been a consistent presence in the UK mortgage market, providing advice on a range of mortgage, protection, and insurance products. The company’s shares are traded on the AIM market of the London Stock Exchange.
The details of this transaction are based on a press release statement issued by Mortgage Advice Bureau (Holdings) plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.