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Maestrano Group PLC Directors buy more share in the company

Maestrano Group PLC (LON: MNO), the open cloud business integration platform with cross-app data synchronization announced today that it was notified on 19 March 2019 that Andrew Pearson, CEO, John Davis, Non-Executive Director and Jonathan Macleod, Non-Executive Director, bought in aggregate 1,048,007 ordinary shares of £0.01 each in the Company on 19 March 2019. Please refer to the table below for share purchase details.

Director

Number of Ordinary Shares purchased

Price

Total Maestrano shares held

% of Maestrano voting rights

Andrew Pearson

223,000

3.6 pence and 3.375 pence1

223,000

0.28

John Davis

500,000

3 pence

500,000

0.62

Jonathan Macleod

325,007

3.4 pence

325,007

0.41

1.     Andrew Pearson purchased 77,500 shares at a price of 3.6 pence and 145,500 at a price of 3.375 pence.

Maestrano board members have this week purchased 1,548,007 shares, which affirms their confidence in the future of the company and will reassure investors. 

Chairman, Ian Buddery, said:

“the board has noted the recent difficult market conditions and feels that the share price does not reflect the current and long term value of the business, so we have taken this action to show support for the company and to reassure shareholders of our commitment to delivering the its full potential.”

Maestrano Group plc is a software company which develops and deploys a patented Cloud based Platform as a Service that addresses the needs of Small to Medium Businesses (SMBs) and large Enterprises (such as major banks and global accounting firms) to access real time, automated management data efficiently on an integrated Platform. This technology is called Master Data Management (MDM).