888 CEO snaps up an additional 1.1 million shares in the operator
Per Widerström buys £948,829 in operator shares, taking his total stake above two million
Newly installed 888 CEO Per Widerström has bought an additional 1.1 million shares in the firm.
The purchase took place on Friday (20 October), with shares bought at 84.3p a piece, totalling £948,829. This brings Widerström’s total number of ordinary shares to 2,066,535.
On the same day, non-executive chair Jon Mendelson also bought 50,000 shares priced at 79.50p.
In October, the operator reported a 10% year-on-year dip in revenue to £405m, having warned revenue would land at £400m the month prior. That announcement came two days after Widerström began his role as CEO.
Recently the operator has undergone several changes at board level, with ESG committee chair Andria Vidler and CFO Yariv Dafna departing on 30 September and 2 October, respectively.
Former Superbet head Sean Wilkins will replace Dafna as CFO in February, with Vaughan Lewis, the group’s chief strategy officer, acting as intermediary.
The firm also saw CPO Roee Pelad leave in August, after spending 12 years with the company.
At the time of writing, 888’s share price stands at 85.6p with a market cap of £384.4m.