ASX All Ords investors typically find it comforting when directors invest their own money into the companies they run.
We've seen a lot of director transactions lately and today, we have another one to report.
The latest big director transaction involves ASX All Ords tech share Bravura Solutions Ltd (ASX: BVS).
ASX All Ords tech stock director buys up big
Newly-appointed director Damien Leonard purchased five million shares last week for $3.75 million. That was an on-market trade, and the average price was 75 cents.
Leonard was appointed as a director on 19 September.
He came into the job with substantial indirect holdings in Bravura. He had an interest in approximately 90 million shares as president of private equity fund Pinetree Capital, and L6 Holdings.
But this wasn't his only recent purchase.
The Canadian investor and non-executive director also bought a parcel of 1,092,693 shares on 21 September for $808,793, an average price of 74 cents.
And another parcel the day before comprising 718,916 shares for $542,782 (average price 75.5 cents).
All up, he's spent about $5.1 million buying more of the ASX All Ords stock since his appointment.
In total, Leonard now has an interest in about 96.9 million Bravura shares.
Leonard is the son of Mark Leonard, a renowned Canadian venture capitalist and the founder and president of the $C59 billion software company Constellation Software Inc (TSE: CSU).
Fellow Bravura director Andrew Russell also invested more of his own money in the company recently.
Russell acquired more Bravura shares on-market on 21 September.
He picked up 67,565 shares directly and bought another parcel of 67,565 shares via his superannuation fund. The consideration for both parcels was $49,998.10, creating an average price of 74 cents.
Bravura Solutions is a management software provider specialising in the financial services sector.
The ASX All Ords tech company will hold its annual general meeting on 2 November.
