OKYO discloses 210,000-share purchase; Chairman-affiliated stake now 10.38M
Rhea-AI Filing Summary
OKYO Pharma reported that Panetta Partners Limited, an entity in which Executive Chairman Gabriele Cerrone has a beneficial interest, acquired 210,000 of the company’s ordinary shares on NASDAQ. Following this purchase, his total holding is 10,382,677 shares. The news announcement was furnished as Exhibit 99.1 and is not deemed filed under Section 18 of the Exchange Act.
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Insights
Insider‑affiliated purchase disclosed; administrative and informational.
OKYO Pharma disclosed that Panetta Partners Limited, linked to Executive Chairman Gabriele Cerrone, acquired 210,000 shares on NASDAQ, bringing his total to 10,382,677 shares. This is an informational update via a furnished exhibit.
The event indicates increased holdings by an insider‑affiliated entity; however, the disclosure does not provide pricing, rationale, or implications beyond the updated stake. It does not alter capital structure through issuance.
The announcement is furnished as Exhibit 99.1 and “shall not be deemed filed,” which limits potential liabilities under Section 18. Subsequent company filings may provide additional context.