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(Sharecast News) - JD Wetherspoon revealed on Wednesday that chairman Tim Martin had acquired 2.6m ordinary shares in the FTSE 250-listed pub chain.
Martin, who founded the company in 1979, purchased the shares at an average price of 457.25p each, for a total value of £11.88m.
Following the transaction, Martin has an interest in 30.77m ordinary Wetherspoon shares, representing approximately 23.90% of the company's issued share capital.
As of 1610 GMT, JD Wetherspoon shares were up 2.91% at 467.40p.
Reporting by Iain Gilbert at Sharecast.com
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