- Alphawave IP director goes on a buying spree
- He’s been an active buyer of stock throughout February
- Also in director dealings, Atome Energy CEO buys 2% stake from chairman
Alphawave IP (AWE) executive director Sehat Sutardja has gone on a buying spree again with the purchase of 800,000 shares in the UK-based technology company (specialising in wired connectivity solutions) for 90p each, valuing the purchase price at £719,840 on 27 February.
This purchase brings the Sutardja’s aggregate family holding of shares in the company to 96,275,358, representing 13.83% of the company’s issued share capital.
Sutardja is no stranger to buying the company’s shares. Earlier in the month he spent £1.75 million on stock. The director is best known for co-founding Marvell Technology (MRVL:NASDAQ), a semiconductor group currently valued at $36 billion.
Alphawave is scheduled to report full-year results and a first quarter trading update on 28 April. It is forecast to report a $48.6 million pre-tax profit.
ATOME ENERGY CEO BUYS 2% STAKE FROM CHAIRMAN
In other director dealing news, Olivier Mussat, CEO of green hydrogen and ammonia production company Atome Energy (ATOM:AIM), bought 720,000 shares - or 2% of the company - for £764,640 on 1 March.
Mussat bought the shares from Atome Energy Chairman Peter Levine, who said: ‘Olivier has made an excellent impact on the company since he joined Atome from the IFC. I am pleased to facilitate this significant demonstration of his personal commitment which I believe is not only in his interests but also in the interest of all shareholders as we grow the company, create markets, and make Atome into one of the world leaders in our field.’
Following the purchase, Mussat now has a beneficial interest in 1,424,566 shares representing 3.95% of the issued share capital of the company.
