Redbubble (ASX:RBL) CEO invests $2M in company - Sequoia Direct

06MarMarch 6, 2021

Redbubble (ASX:RBL) CEO invests $2M in company

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/328040/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/2021/Headlines02_360_210305.jpg’]

The CEO of online marketplace operator, Redbubble (ASX:RBL), Michael Ilczynski has purchased over $2 million worth of the company’s shares.

He purchased 361,500 Redbubble shares on-market following the release of the company’s half year results –snapping them up at an average share price of $5.53 per share.

The purchase was funded, in part, by a non-recourse loan of $1.6 million provided by Redbubble to Mr Ilczynski.

The purchase was foreshadowed in the company’s announcement last November.

Shares in Redbubble (ASX:RBL) closed 4.57 per cent lower at $5.22 yesterday.

Copyright 2021 – Finance News Network

Source: Finance News Network

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