(Alliance News) - Arena Events Group PLC said Chief Executive Greg Lawless bought shares in the company on Tuesday.
Lawless bought 200,000 shares at a price of 21 pence each, the transaction totalling GBP42,000.
Shares in Arena closed down 26% at 20.50p in London on Tuesday.
Earlier in the day, Arena said its loss widened dramatically in the first half of 2019, hit by higher administrative expenses, with some approaching contract delivery costs prompting it to cut its interim dividend in half.
Arena also announced that Chief Financial Officer Piers Wilson will step down after a month-long transition. New CFO Steve Towbridge had been CFO of Evans Cycles and then chief executive upon the company's sale to Sports Direct International PLC. Previously, Towbridge worked for HSS Hire Group PLC and Thomson Reuters.
