The CEO of online marketplace operator, Redbubble (ASX:RBL)
, Michael Ilczynski has purchased over $2 million worth of the company’s shares.
He purchased 361,500 Redbubble shares on-market following the release of the company’s half year results –snapping them up at an average share price of $5.53 per share.
The purchase was funded, in part, by a non-recourse loan of $1.6 million provided by Redbubble to Mr Ilczynski.
The purchase was foreshadowed in the company’s announcement last November.
Shares in Redbubble (ASX:RBL)
closed 4.57 per cent lower at $5.22 yesterday.