Scapa CEO buys shares

TECHNICAL tape manufacturer Scapa Group’s chief executive has bought just under £10,000 worth of shares in the company.

Heejae Chae bought 4,968 shares in the company, which has a market capitalisation of around £295m, at a price of 199 pence a share, on Monday,with a total value of £9,886.32.

Following the purchase, Chae holds 541,803 shares representing 0.36% of the company’s issued share capital.

The Ashton-under-Lyne-based business has also issued 16,901 new ordinary shares of 5p each following the exercise of options in accordance with the rules of the Scapa Group plc Savings Related Share Option Plan 2011, taking its issued share capital to 147,296,418 ordinary shares.