ITV's chairman buys new shares

ITV's chairman increased his stake in the TV network one week after the group's acquisition of Boom Supervisory.

Archie Norman acquired 11,784 shares at 266.69p each, spending a total of £31,427 in the transaction.

Following the purchase, Norman, who has been the chairman of ITV since 2010, holds 1.3m shares in the company.

Last week ITV bought Boom Supervisory, the holding group of production company Twofour, for £55m, as part of its strategy to strengthen its global content business.

Managing director Kevin Lygo said at the time: "Great creative talent, fantastic content and brilliant production expertise are central to ITV Studios' strategy, so I'm delighted that the Twofour Group is joining our family of production companies as we continue to boost ITV Studios' growth in the UK and internationally."

Top Director Buys

EMED Mining Public Ltd. (EMED)
Director name: Dr Jose N S Lopez
Amount purchased: 800,000 @ 4.75p
Value: £38,000

ITV (ITV)
Director name: Mr Archie Norman
Amount purchased: 11,784 @ 266.69p
Value: £31,427

Dunedin Income Growth Inv Trust (DIG)
Director name: Mr Peter Wolton
Amount purchased: 8,250 @ 249.75p
Value: £20,604

Hunters Property (HUNT)
Director name: Mr Harry D Hill
Amount purchased: 28,908 @ 65.00p
Value: £18,790

Alliance Trust (ATST)
Director name: Mr Katherine Garrett-Cox
Amount purchased: 2,342 @ 491.00p
Value: £11,499

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