Three more G8 Education directors purchase shares in wake of equity slide
Following the purchase of 10,000 shares by long standing non executive director Brian Bailison on 10 March, three more directors, including Chairman Mark Johnson, have purchased additional shares in G8 Education after recent weakness in the company’s shares.
Mr Johnson purchased an additional 20,000 shares for an average price of around $1.13 and now holds a total of 95,000 shares in G8.
David Foster, who has been an independent non-executive director since February 2016 purchased a further 7,968 shares for an average price of $1.25 which will take his total holding to 30,944 shares and Professor Julie Cogin, who joined the Board in September 2017, acquired a further 10,000 shares for $1.22 per share taking her holding to 29,000 shares.
Four of the six current directors of G8 have now publicly confirmed acquisitions of G8 shares since 10 March 2020.
In a separate release contrarian investors Allan Gray Australia Pty Ltd confirmed that they have increased their position in G8 from 5.82 per cent to 6.84 per cent having become a substantial shareholder on 5 March 2020 and continued to build their position since.