New 888 Boss Purchases Two Million Shares in Company

Online gambling firm 888 announced on Monday that its new Chief Executive Officer Per Widerström had purchased 1.12 million ordinary shares in the company for a sale price of 84.3p each totalling £948,829.

Following the purchase Widerström now holds 2.06 million ordinary shares in 888 holdings.

The recently installed new CEO of 888, Per Widerström who only officially took over on the 16^th October said on joining the company,   “I am very excited to have joined the 888 group as the new CEO, I have already been struck by the strength of the group’s assets and its clear potential, as well as the ambition of our team.

“I am happy to note that despite the regulatory challenges the group has faced this year, the hard work by the team is already showing signs of results meaning that we head towards the end of the year with positive momentum, and well placed to grow in the coming years.

“This is a business with a very strong foundation for profitable growth. But there are clearly also several areas for improvement which we will focus on to unlock our full potential and drive value creation.

“I am looking forward to working closely with our fantastic people in the group, the talented executive team and the board to ensure we are in the best possible position to deliver our plans and maximise value creation.”