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Director dealings: Sysgroup chairman raises stake

(Sharecast News) - Sysgroup revealed on Tuesday that chairman Heejae Chae had acquired 800,000 ordinary shares in the AIM-listed IT service management firm. Chae, who took over as chairman in July 2023, purchased the shares on Friday at an average price of 17.45p each, for a total value of £139,600.

Following the transaction, Chae holds a beneficial interest in 8.67m ordinary Sysgroup shares, representing approximately 10.39% of the company's issued share capital.

As of 1615 GMT, Sysgroup shares were up 7.19% at 18.49p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Sysgroup (SYS) Director name: Chae,Heejae Amount purchased: 800,000 @ 17.45p Value: £139,600.00

Trifast (TRI) Director name: Mills,Nicholas Amount purchased: 100,000 @ 80.00p Value: £80,000.00

Tekmar Group (TGP) Director name: Turner,Richard Amount purchased: 799,313 @ 7.50p Value: £59,948.48

Pulsar Group (PULS) Director name: Royde ,Max Amount purchased: 100,000 @ 47.85p Value: £47,850.00

Eden Research (EDEN) Director name: Abrey,Alexander John Amount purchased: 540,540 @ 3.70p Value: £19,999.98

Eden Research (EDEN) Director name: M. Smith,Sean Amount purchased: 540,540 @ 3.70p Value: £19,999.98

Eden Research (EDEN) Director name: McAllan,Derek Amount purchased: 279,022 @ 3.58p Value: £9,988.99

Pinewood Technologies Group (PINE) Director name: Exler,Dietmar Amount purchased: 1,500 @ 342.00p Value: £5,130.00

Pharos Energy (PHAR) Director name: Roe,Katherine Amount purchased: 5,737 @ 25.67p Value: £1,472.63

Top Director Sells

Rolls-royce Holdings (RR.) Director name: Erginbilgic,Tufan Amount sold: 12,969 @ 587.84p Value: £76,237.54

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.