(Alliance News) - Tobacco company Imperial Brands PLC on Monday said Innovation Director David Newns bought GBP1.4 million worth of shares in the company.
Newns on Thursday last week acquired 79,691 shares at 1,768 pence per share. His total shareholding following the purchase was not disclosed.
Newns with his business partner Chris Lord founded Nerudia, a company developing vapour, heated tobacco and oral nicotine products. In 2017, Newns and Lord both joined Imperial Brands when Nerudia was bought by a unit of the Imperial Brands.
Shares in Bristol-based Imperial Brands were trading 2.3% higher at 1,771.40 pence each on Monday afternoon.
By Tapan Panchal; tapanpanchal@alliancenews.com
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Imperial Brands (IMB)
