Sky News has learnt that Sir Charles, who was reinstated to an executive role last year, used an 11% slump in TalkTalk shares on Friday to mop up another £750,000-worth of stock, according to a person close to the company. TalkTalk Executive Chairman Sir Charles Dunstone topped up his shareholding in the company on Friday when the shares rose 11 % intraday . Reports suggest that Sir Charles added to his stake of 28.5 % purchasing additional shares worth £ 750,000 . While stock exchange rules state that when a shareholder increases their stake above 29.9 % they must make a mandatory full take over , the move is not thought to be a prelude to a bid to take the company private .
TalkTalk Executive Chairman Sir Charles Dunstone topped up his shareholding in the company on Friday when the shares rose 11 % intraday . Reports suggest that Sir Charles added to his stake of 28.5 % purchasing additional shares worth £ 750,000 . While stock exchange rules state that when a shareholder increases their stake above 29.9 % they must make a mandatory full take over , the move is not thought to be a prelude to a bid to take the company private .