Nishith Malde, Financial Director, bought 90,000 shares in the company on the 17th July 2017 at a price of 58.62p. The Director now holds 11,360,029 shares.
Not quite sure what to make of that, except presumably he doesn’t mind sinking over 50 grand in at a price of @58.62p so we must assume he thinks he’s going to make a few percent a year on that at least, and not lose capital value.
When he already holds 11,360,029 in total though, it seems pretty insignificant. As far as I can tell, this is an open market buy, not part of some remuneration package, and £50k isn’t a piffling amount even if you are relatively wealthy.
I’ve been trying to sell a tranche of INL @62p for quite some time, to reduce the size of my holding as much as anything, and having bought the last lot mid 50s (can’t remember exactly, but documented below no doubt). I’d just reduced the selling price to 61.8p to give a better chance of catching an intraday high on a limit order, I think I’ll push it back up now, having seen this!