Two Peninsula sponsor directors announce to buy shares

Ayesha Sultana and Mosharraf Hossain, sponsor directors of The Peninsula Chittagong Limited, have expressed their intentions to buy five lakh shares of the company at the prevailing market price.

Ayesha Sultana will buy two lakh shares and Mosharraf Hossain will buy another three lakh, said the company in a filing with the Dhaka Stock Exchange on Wednesday.

Both the sponsor directors will buy the shares within the next 30 working days.

On the day, the company’s share price closed at Tk 23, up 3.6 percent compared to the previous day.