Directors buy more Man Group shares

Reuters- Hedge fund manager Man Group Plc said on Friday three directors had bought more shares in the company whose share price has fallen sharply amid the sell-off in global equity markets.

Man said non-executive Deputy Chairman Stanley Fink, who stood down as chief executive in March, had bought 100,000 shares at 451 pence to take his holding to 25.4 million shares.

Finance Director Kevin Hayes bought 21,505 shares at 465 pence to take his holding to 108,897 shares.

Non-executive director Jon Aisbitt bought 250,000 shares at just over 457 pence to take his holding to 1.75 million shares.

Man also said that John Morrison, who is not a company director, had bought 26,468 shares at 445 pence to take his holding to 1.14 million shares.

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