(Sharecast News) - Poolbeg Pharma revealed on Wednesday that executive chair Cathal Friel had acquired 4.0m new ordinary shares in the AIM-listed biopharmaceuticals company.

Friel, who co-founded Poolbeg, purchased the shares on Friday at an average price of 2.5p per share, for a total value of £100,000.

Following the transaction, Friel holds a total of 41.21m ordinary Poolbeg shares, representing approximately 5.91% of the company's issued share capital.

As of 1545 BST, Poolbeg shares were up 6.55% at 3.09p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Record (REC)

Director name: Witte,Jan

Amount purchased: 340,171 @ 54.41p

Value: £185,087.04

Record (REC)

Director name: Heading,Richard

Amount purchased: 340,171 @ 54.41p

Value: £185,087.04

Poolbeg Pharma (POLB)

Director name: Friel,Cathal

Amount purchased: 4,000,000 @ 2.50p

Value: £100,000.00

Record (REC)

Director name: Ayles,Kevin

Amount purchased: 48,462 @ 54.41p

Value: £26,368.17

Intercede Group (IGP)

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Experian (EXPN)

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Intercede Group (IGP)

Director name: Leest ,Klaas van der

Amount purchased: 5,000 @ 178.80p

Value: £8,940.00

Intercede Group (IGP)

Director name: Leest ,Klaas van der

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Value: £8,800.00

Molten Ventures (GROW)

Director name: Zimmermann,Andrew

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