OKYO Says Panetta Partners, Entity Related To Its Executive Chairman Gabriele Cerrone, Purchased 50,000 Of Company's Ordinary Shares At $1.05 Per Share
Portfolio Pulse from Benzinga Newsdesk
Panetta Partners, associated with OKYO's Executive Chairman Gabriele Cerrone, purchased 50,000 OKYO shares at $1.05 each, increasing Cerrone's total holding to 9.72 million shares, or 28.73% of the company's issued share capital.
August 23, 2024 | 11:03 am
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Panetta Partners, related to OKYO's Executive Chairman, purchased 50,000 shares at $1.05, increasing Gabriele Cerrone's stake to 28.73%.
The purchase of shares by an entity related to the Executive Chairman is a positive signal, indicating confidence in the company's prospects. This insider buying could lead to a short-term increase in stock price as it may be perceived positively by the market.
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