CORPORATE Travel Management founder Jamie Pherous has put his money where his mouth is, with an ASX update on Fri confirming he has taken advantage of the recent weakness in the company’s share price to boost his stake.
Pherous purchased 115,000 shares in the company, paying an average of $21.14 in on-market trades for a total price of just over $2.4 million.
The acquisition boosted his stake in Corporate Travel Management to 20,600,000 shares worth around $430 million.
Source: traveldaily