Australia

ShareRoot director buys 4 million shares in on-market transaction

ShareRoot Ltd's (ASX:SRO) director Damon Rasheed has demonstrated his confidence in the company's digital healthcare strategy through the on-market purchase of 4 million shares at 2 cents per share.

The non-executive director's $8,000 transaction on October 15 represents his first purchase of fully paid ordinary shares in the company.

Earlier this year ShareRoot completed a restructure and has a clear path forward to a successful business in the digital healthcare industry.

Completion of capital raising

The company recently raised a total of $1,289,612 which included a rights issue and placement.

Funds raised were allocated for the following: