(Sharecast News) - Kazera Global revealed on Wednesday that interim chief executive Richard Jennings had acquired 6.5m ordinary shares in the AIM-listed investment firm.

Jennings, who was named interim CEO earlier in April, purchased the shares on Tuesday at an average price of 1p each, for a total value of £65,000.

Following the transaction, Jennings has a beneficial interest in 250.23m ordinary Kazera shares, representing 22.69% of the company's issued share capital.

As of 1430 BST, Kazera shares were up 6.67% at 1.28p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Kazera Global (KZG)

Director name: Jennings,Richard

Amount purchased: 6,500,000 @ 1.00p

Value: £65,000.00

Top Director Sells