Director dealings: Inspecs CEO's pension buys £0.4m of shares

Eyewear designer and producer Inspecs Group was in the green on Tuesday afternoon, after its chief executive officer’s pension spent around £0.4m on shares.

The company said Terra Firma Trust bought 850,053 shares across two transactions on Friday, at an average price of 47p.

It said the first transaction saw 833,333 shares purchased at a price of 47p, valuing it at £391,666.51.

The second transaction was for 16,720 shares at a price of 48.5p apiece, for a total of £8,109.20.

Inspecs said the Terra Firma Trust is the pension fund of its CEO Robin Totterman.

Following the purchases, it said Totterman and his connected persons had a beneficial interest in 18,625,005 of its shares, representing 18.3% of its issued capital.

At 1316 GMT, shares in Inspecs Group were up 16.54% at 55.94p.

Reporting by Josh White for Sharecast.com.