Hercules PLC (LSE:HERC) notified investors that non-executive director Martin Tedham, who joined the board last year, bought another £20,000 worth of shares to increase his stake in the company to 12.6%.
He purchased a total of 56,004 ordinary shares at a price of 35.7 pence per ordinary share
Hercules flagged that Tedham's entrepreneurial business background includes selling a company he founded to a multi-national, and later buying Wasdell Group and increasing turnover from under £2 million to over £65 million within ten years.