Stephen O’Hara, the boss of OptiBiotix Health plc (LON:OPTI), has highlighted recent share purchases by two of its non-executive directors over the past few months.
Chairman Neil Davidson, who also sits on the board of WM Morrison Supermarkets PLC (LON:MRW), and Sean Christie have snapped up almost £400,000 worth of shares since July.
Christie was previously group finance director at chemicals group Croda and food group Northern Foods, while Davidson was chief executive at Express Dairies and Arla Foods.
In an interview with Proactive Investors, O’Hara said: “It’s really reassuring to ourselves within OptiBiotix and hopefully to investors that two big industry players…have committed large amounts of money to the company.
“That this is from industry leaders like [Sean and Neil] is very reassuring for the company in what we’re doing. I think what they see is the potential for the company going forward.”
He added: “We’re growing rapidly and we’re on that turn now between a company that has been developing products to commercialising products.
“We’re getting to a point where our costs are being covered month-to-month and as we go forward, if we sustain that, we’ll grow to profitability in 2019, so it’s an exciting time for a growing company.”
OptiBiotix shares were down 4.4% on Tuesday afternoon to 76.0p.