Waterford Wedgwood chief executive bought cut-price shares

Waterford Wedgwood chief executive Peter Cameron sat out the ailing luxury goods group’s €60million fundraising round, which closed last week, and instead bought shares on the open market for 25 per cent less than the price paid by his fellow directo

29th July, 2006

Waterford Wedgwood chief executive Peter Cameron sat out the ailing luxury goods group’s €60million fundraising round, which closed last week, and instead bought shares on the open market for 25 per cent less than the price paid by his fellow directors.

Cameron spent €180,000 last week to buy Waterford shares at 4.5 cent, bringing the value of his stake to €765,000.

Cameron’s dealings took place in the same week that Tony O’Reilly, the company’s...

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