Director buys20 Jun 2022 13:36
£782,000 show of support by three Asos directors helped the online fashion retailer to recover somewhat a day after a huge profit alert erased about a third of its stock market value.
Asos revealed yesterday that Ian Dyson, its departing chairman, Jorgen Lindemann, Dyson’s successor, and Patrick Kennedy had been in the market buying up stock on Thursday, when the shares plummeted by 32.5 per cent. Lindemann, 55, who was announced as the replacement for Dyson, 60, on Thursday, bought shares worth more than £490,270 and Kennedy, 53, the board’s senior independent director, spent £242,895 on stock. Dyson, who steps down at the end of July, bought shares valued at £49,655.
https://www.thetimes.co.uk/article/asos-in-the-pink-once-again-as-directors-put-hands-in-pockets-6pmd9pmw7