Peter Johnson, non-executive chairman of Marshall Motor Holdings, has invested a further £37,500 in shares in the publicly listed dealer group.
His purchase of 25,000 shares at 150p per share yesterday takes his total shareholding to 175,328 or 0.23% of the dealer group’s issued share capital.
Alan Ferguson, a non-executive director of Marshall and a former Inchcape finance director, made an identical purchase on the same day, taking his total shareholding in Marshall to 58,557, 0.08% of the issued share capital.
The purchases took place as Marshall issued a statement aimed at reassuring the market, following a sudden drop in its share price.
Also on the same day, Inchcape and Pendragon both bought back shares for cancellation.
As editor, Tim is responsible for the media content, planning and production of AM's multiple channels (AM print and digital magazines, website, social media and contributing to our events planning). He interviews and writes about as many franchised dealer groups and UK divisions of motor manufacturers as possible, to explore the issues facing UK motor retail and understand what solutions dealers and suppliers are using to overcome these.
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