Avesco founder adds to stake

A round-up of the biggest director deals today so far.

Deputy chairman Richard Murray is buying shares in Avesco Group at a time when there is stake building by an investment company. Taya Investment Company increased its stake in the broadcast and presentation equipment supplier and renter to 26.6% last month. Taya has been building up this stake in recent months but it has stated that it has no immediate intention of bidding for Avesco. Some of the stake has been acquired at 50p a share.

Murray has acquired 300,592 shares at 45.21p each - an investment of nearly £128,000. This is higher than the market price and takes his stake to 19.98%. That makes him the second largest shareholder after Taya.

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