Directors, CEO of BetMGM co-owner Entain buy £2.4 million of shares in the company

Directors, CEO of BetMGM co-owner Entain buy £2.4 million of shares in the company

Article brief provided by This Is Money
  • Harry Wise, This Is Money
November 8, 2023 8:22 PM
  • Harry Wise, This Is Money

Senior directors at Entain have given a vote of confidence in the Ladbrokes owner after acquiring around £2.4 million [$2.9 million] of its stock.

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Chairman Barry Gibson has more than quadrupled his holding in the company after buying about 93,700 shares valued at almost £870,000, while his wife, Brenda, has purchased £140,550 worth of shares.

Jette Nygaard-Andersen, Entain’s chief executive, has doubled her stake in the firm following an acquisition of 35,000 shares worth approximately £324,000.

But the biggest purchase was made by non-executive director and Vue International chair Stella David, who bought around £900,000 of stock. Overall, 665,682 shares representing 0.1 per cent of Entain’s issued share capital were acquired by four board members and Ms Gibson on 7 November.