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(Sharecast News) - AJ Bell revealed on Tuesday that chief executive Michael Summersgill had acquired 85,000 ordinary shares in the FTSE 250-listed online investment platform operator.
Summersgill, who joined AJ Bell in 2007, purchased the shares at an average price of 513p each, for a total value of 436,050.01.
Following the transaction, Summersgill holds a beneficial interest in 508,960 ordinary AJ Bell shares, representing 0.125% of the company's issued share capital.
As of 1525 BST, AJ Bell shares were down 1.46% at 505.50p.
Reporting by Iain Gilbert at Sharecast.com
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