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Gerry Harvey & Directors Buys More Shares In Harvey Norman After Value Tanks

A Change of Director’s Interest Notice issued today has revealed a mass purchase of shares by Harvey Norman’s board of directors, with executive chairman Gerry Harvey raising his take in the company.

A change of directors interest document issued to the ASX by company secretary Chris Mentis lists ten directors of Harvey Norman Holdings Limited, including Mr Mentis, of whom shares were issued.

Of those listed, Harvey Norman revealed that Mr Harvey purchased 5.6 million shares, worth roughly 0.4% of the company at $2.50 a share.

It comes following a fourth month low for Harvey Norman after its share price began falling again at the beginning of October from 4.62 to 4.10.

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