Citicore Renewables CEO bought P11.5M worth of CREC
Citicore Renewable Energy [CREC 2.70 unch; 25% avgVol] [link] disclosed that its President and CEO, Oliver Tan, purchased ~4.4 million shares of CREC last week at an average price of P2.61/share, for a total spend of P11.5 million. Mr. Tan bought the shares across 29 transactions ranging in price from a low of P2.47/share to a high of P2.69/share. The buying spree effectively doubled Mr. Tan’s indirect ownership of CREC to approximately 0.1% of CREC’s outstanding shares.