LONDON (Alliance News) - MySale Group PLC said its newly appointed Chairman Iain McDonald bought 60,000 shares at a price of 44.91483 pence per share Monday.
After the purchase he holds 148,482 shares, representing approximately 0.10% of the issued share capital.
The online flash sale retailer earlier Monday said it is set to post higher revenue for the year to the end of June and said its performance improved in the second half. MySale said its revenue for the year was up by 5% to AUD235 million and said its second-half underlying earnings before interest, taxation, depreciation and amortisation should be broadly break-even.
In addition to the trading update, the company said it has appointed McDonald as its new non-executive chairman. He is a partner at William Currie Group, the technology and e-commerce investment company.
"MySale is focussed on profitable growth and we are pleased with the progress achieved over the last six months. We are delighted that Iain McDonald has joined as chairman bringing a wealth of online retail and significant UK capital markets experience," said Carl Jackson, MySale's chief executive.
The stock was trading up 14% at 45.75p Monday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun
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