Redbubble (ASX:RBL) CEO invests $2M in company

06Mar

Redbubble (ASX:RBL) CEO invests $2M in company

 

The CEO of online marketplace operator, Redbubble (ASX:RBL), Michael Ilczynski has purchased over $2 million worth of the company’s shares.

He purchased 361,500 Redbubble shares on-market following the release of the company’s half year results –snapping them up at an average share price of $5.53 per share.

The purchase was funded, in part, by a non-recourse loan of $1.6 million provided by Redbubble to Mr Ilczynski.

The purchase was foreshadowed in the company’s announcement last November.

Shares in Redbubble (ASX:RBL) closed 4.57 per cent lower at $5.22 yesterday.
 
Copyright 2021 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

07Feb

Stocks of the Hour: Sunshine Metals, Noble Helium, Grand Gulf Energy

07 Feb 2024 - A snapshot of the stocks on the move, featuring Sunshine Metals (ASX:SHN), Noble Helium (ASX:NHE) and Grand Gulf Energy (ASX:GGE).

Read More
18Aug

BHP (ASX:BHP) looking to divest two Queensland mines

18 Aug 2020 - BHP (ASX:BHP) is looking to divest two of its Queensland metallurgical coal mines as it looks to simplify portfolio to focus on higher quality steel-making products.

Read More
07Sep

Stocks of the Hour: Antisense Therapeutics, Euro Manganese, Lake Resources

07 Sep 2022 - A snapshot of the stocks on the move featuring Antisense Therapeutics (ASX:ANP), Euro Manganese (ASX:EMN) and Lake Resources (ASX:LKE).

Read More
18May

Coronado Global Resourcess (ASX:CRN) new non-executive director nomination

18 May 2020 - Coronado Global Resources’s (ASX:CRN) major stockholder, the Energy & Minerals Group (EMG) has nominated Sir Michael (Mick) Davis for election as a non-executive director.

Read More
19Apr

Primewest (ASX:PWG) recommends merger with Centuria Capital Group (ASX:CNI)

19 Apr 2021 - Specialist investment manager Centuria Capital Group (ASX:CNI) will make an offer for 100% of Primewest shares, subject to various conditions being satisfied.

Read More
04Mar

ARB Corporation (ASX:ARB) to acquire Truckman Group for $39.3 million

04 March 2021 - Motor vehicle accessories company ARB Corporation (ASX:ARB) is set to acquire a leading auto styling company in the UK called the Truckman Group for $39.3 million.

Read More
12Apr

Magellan March 2023 Financial Sector Update

12 Apr 2023 - Magellan Portfolio Manager, Alan Pullen, provides a timely update on the financials sector in light of the recent volatility we’ve seen with banks in the US and Europe.

Read More
24Nov

HomeCo Daily Needs REIT (ASX:HND) to buy a Brisbane Shopping Centre

24 Nov 2020 - HomeCo Daily Needs REIT (ASX:HND) has agreed to buy Marsden Park Shopping Centre for $48 million.

Read More
10Aug

Stocks of the Hour: iSelect, Meeka Metals, Mayne Pharma

10 Aug 2022 - A snapshot of the stocks on the move featuring iSelect (ASX:ISU), Meeka Metals (ASX:MEK) and Mayne Pharma Group (ASX: MYX).

Read More
13Sep

Proposal for Virgin Australia and Virgin Atlantic cooperation

13 Sep 2019 - The ACCC has issued a draft determination proposing to authorise Virgin Australia (ASX:VAH) to more closely cooperate with Virgin Atlantic on flights between Australia and the UK and Ireland, via Hong Kong, Los Angeles and any other future mutual connecting points.

Read More