(Sharecast News) - Shares in Purplebricks were rising on Wednesday afternoon, after its non-executive chairman purchased another million shares.

The online estate agency said Paul Pindar bought the shares in an open market transaction on the London Stock Exchange.

He paid 17.4549p for each share, valuing the transaction at £174,549.00.

Following the purchase, Purplebricks said Paul Pindar and Sharon Pindar together held 16,618,056 of its shares, representing 5.42% of its total issued share capital.

At 1444 BST, shares in Purplebricks Group were up 4.14% at 17.7p.

Reporting by Josh White at Sharecast.com.

Top Director Buys

Purplebricks Group (PURP)

Director name: Pindar,Paul

Amount purchased: 1,000,000 @ 17.45p

Value: £174,549.00

Gyg (GYG)

Director name: Savage,Rupert

Amount purchased: 350,000 @ 17.00p

Value: £59,500.00

Gyg (GYG)

Director name: McGuire,Richard Anthony

Amount purchased: 324,193 @ 17.00p

Value: £55,112.81

Howden Joinery Group (HWDN)

Director name: Hayes,Paul

Amount purchased: 8,000 @ 597.34p

Value: £47,787.24

Scottish Oriental Smaller Companies Trust (SST)

Director name: Whitley,Jeremy

Amount purchased: 3,000 @ 1,111.00p

Value: £33,330.00

Polar Capital Technology Trust (PCT)

Director name: Cripps,Catherine

Amount purchased: 481 @ 2,074.96p

Value: £9,980.56