(Correction by Renold on date of transaction being Wednesday)
LONDON (Alliance News) - Renold PLC on Thursday said Mandy Harper, a person connected to its Chairman Mark Harper, bought shares in two transactions on Wednesday.
Mandy purchased 96,525 shares in each transaction, at a price of 25.9 pence each. The value of purchase following both transactions totalled GBP50,000.
Shares in Renold were trading 15% higher at 30.10p each on Thursday afternoon.
On Tuesday, the engineering company said it has returned to its first organic revenue growth, though profitability struggled in its first half.