LONDON - Alphawave IP Group PLC (LSE: AWE), a leader in high-speed connectivity technology, disclosed transactions by persons closely associated with its senior management team. On Monday, July Twelve Capital Limited, associated with executive chairman John Lofton Holt, exercised options to acquire 415,416 shares at $0.23085 each, totaling $95,898.78.
The shares were purchased from three entities associated with other Alphawave executives. Pitech Investments Inc., linked to CEO Tony Pialis, Jeevan Capital Inc., connected to SVP Rajeevan Mahadevan, and 2641239 Ontario Inc., associated with SVP Jonathan Rodgers, each disposed of 138,472 shares at the same price per share.
These transactions took place on the London Stock Exchange (LON:LSEG) and were reported in line with the UK Market Abuse Regulation.
Alphawave, founded in 2017, specializes in semiconductor IP and products that address the increasing demand for data transport efficiency in various tech sectors, including data centers, AI, and autonomous vehicles.
The company emphasized its commitment to enhancing data infrastructure, a vital component in today's digital landscape. The financial implications of these insider transactions are based on a press release statement from Alphawave.
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