Polin boosts Ashcourt Rowan stake with £50k purchase

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Ashcourt Rowan chief executive Jonathan Polin has bought a further 31,645 shares in the company following the group's interim results yesterday.

Polin (pictured), who took over as CEO last September, made the share purchase at a price of 158p a share, bringing his total holding to 236,000 shares - equivalent to around a 1% stake in the company. The CEO bought an initial 200,000 shares at £1 a share last December. Discussing Ashcourt Rowan's results for the six months to 30 September yesterday, Polin said he is confident the group can finally emerge "as a force to be recognised in our industry" as it completes its turnaround programme. The wealth manager also announced it had agreed to a £412,000 FSA fine over a number of le...

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