(Alliance News) - TalkTalk Telecom Group PLC said Wednesday Executive Chair Charles Dunstone bought shares worth GBP4.0 million in the FTSE 250-listed firm in a transaction on Tuesday.
Dunstone - executive chair since 2017, having been chair since 2010 - acquired 3.9 million shares at 103.64 pence each. Shares in TalkTalk were 2.8% higher at 108.50 pence in London on Wednesday, giving the firm a market capitalisation of GBP1.24 billion.
The total holding of Dunstone in TalkTalk was not disclosed. The financial 2019 annual report for the firm showed that Dunstone held 329.1 million shares - or a 29% stake - in TalkTalk as of late May.