New RSM Tenon chairman buys £50k of shares

THE NEW RSM Tenon chairman has purchased more than £50,000 of shares in the stock exchange-listed firm.

Tim Ingram, who took the role at the beginning of the month, has purchased one million shares at 5.25p per share.

Ingram took over the chairman role from Adrian Martin, who will remain with the firm until 22 June as part of a handover process.

Its share price climbed 0.04p in this morning’s trading to 5.19p, setting the company’s market cap at £16.74m.

After beginning his career in banking, Ingram was FD, chief executive, then chairman of First National Finance Corporation, which was sold to Abbey National. At Abbey, he served as a managing director between 1995 and 2002. He then served as chief executive of Caledonia Investments between 2002 and 2010.

He has also held non-executive roles at Sage Group and Savills. He is a non-executive director of Alok Industries, an Indian-based listed textile manufacturer.

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