Cellmid Ltd (ASX:CDY) chief executive officer and MD Maria Halasz has demonstrated her confidence in the company's strategy by acquiring shares in on-market transactions.

Halasz made the purchases totalling more than 152,000 in an indirect interest on June 18 and 22.

She acquired 100,000 shares at 11 cents per share and a further 52,789 shares at 12 cents per share, bringing the total number of shares held in that interest to 2.58 million with another 420,000 held in a direct interest.

Participation in placement

The on-market purchases follow her participation in the company’s placement earlier this year after receiving shareholder approval.

She acquired 227,273 shares at 22 cents per share with a total value of $50,000 in the indirect interest.

Also on June 18, non-executive director Dennis Eck acquired more than 4.318 million shares with a value of $950,000 in the placement.