(Sharecast News) - Cavendish revealed on Thursday chief executive Julian Morse had purchased 1.0m ordinary shares in the AIM-listed investment bank.

Morse, who was appointed to the board of Cavendish in September 2023, acquired the shares at an average price of 6.00p each, for a total value of £60,000.

Following the transaction, Morse holds a beneficial interest in 9.25m ordinary Cavendish shares, representing approximately 2.37% of the company's issued share capital.

As of 1445 GMT, Cavendish shares were down 1.02% at 5.94p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Neuberger Private Equity Partners Limited (NBPE)

Director name: MacLellan ,David

Amount purchased: 8,000 @ 1,550.60p

Value: £124,048.00

Cavendish (CAV)

Director name: Morse,Julian

Amount purchased: 1,000,000 @ 6.00p

Value: £60,000.00

Vanquis Banking Group 20 (VANQ)

Director name: Natalizia ,John

Amount purchased: 137,232 @ 43.50p

Value: £59,695.92

Cavendish (CAV)

Director name: Gordon,Lisa

Amount purchased: 813,008 @ 6.30p

Value: £51,219.50

Hamak Strategy Limited Npv (di) (HAMA)

Director name: Smithson,Karl

Amount purchased: 866,551 @ 5.77p

Value: £49,999.99

Hamak Strategy Limited Npv (di) (HAMA)

Director name: Smithson,Karl

Amount purchased: 927,110 @ 5.39p

Value: £49,971.23

Cavendish (CAV)

Director name: Procter ,Ben

Amount purchased: 206,440 @ 5.95p

Value: £12,283.18

Top Director Sells