Four directors at Prezzo, the Aim-listed restaurant group, have bought shares worth £122,500. Three of the four directors were members of the Kaye family – chief executive Jonathan plus his cousins, and non-executive directors, Adam and Sam, the founders of the ASK pizza chain.
The three all bought 145,000 shares at 24.5p each – an outlay of just over £35,000 each.
They were joined by finance director Alan Millar, who bought 65,000 shares – an investment of £15,925.
The purchases were made last Friday, the day after Prezzo issued results with pre-tax profits up 8% to £11.5m, and come months after the Kaye family abandoned take-private plans because of conditions in the debt-finance market.
