Boohoo co-founder buys nearly £750k of shares on director dealing spree

Boohoo chairman and co-founder Mahmud Kamani joined other Boohoo directors on a buying spree today.

As the share price of Boohoo tumbled following PwC walking as its auditor on reputation fears, Kamani lead the Boohoo director pack in snapping up shares in a bid to prop up the shares and avoid further falls.

Kamani’s purchase at a total price of £729,210 was the biggest director deal.

Kamani’s big buy was supported by a number of other smaller director buys.

These included non-exec deputy chairman Brian Small buying £25k worth of shares and CFO Neil Catto buying £15k worth of shares.

Shares in Boohoo ended the day down by 1.5%, recovering to 250p from lows of around 230p in early morning trading.

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