RE: 2.5 mill buy ?17 Aug 2019 10:07
It is a murky area of the rules and regs on dealing policy having offspring buying shares. One thing for sure however is that daughters of chairmans do not buy shares if they expect the share price to go down and her purchase was announced when the price was just over a 1p.
In regards to closed periods, these are usually before interims etc or if price sensitive news is known and about to be announced. Directors cannot sit on price-sensitive news so it would have had to have been issued immediately. The nomad would have had to sign off on it. Of course, a director could buy if the news was not known, i.e before the restructuring was made, or before a tax rebate was issued or before a collaboration, contract, or partnership, etc was discussed. Or if any news was considered already in the public domain.
As always others should do there own research and this is my interpretation of the rules and regs.