Korkmaz, who purchased the shares in three separate transactions, snapped up the stock at an average price of 28.14p each, for a total value of £42,210.

Following the transactions, Korkmaz holds a beneficial interest in 18.07m Hercules shares, representing approximately 22.44% of the company's issued share capital.

As of 1445 BST, Hercules shares were up 5.45% at 29p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Hercules LSE:HERC

Director name: Korkmaz,Brusk Kivilcim

Amount purchased: 150,000 @ 28.14p

Value: £42,210.00

Active Energy Group LSE:AEG

Director name: Elliott ,Paul

Amount purchased: 25,000,000 @ 0.10p

Value: £25,000.00

Ct Uk Capital And Income Investment Trust LSE:CTUK

Director name: Metcalfe,Christopher

Amount purchased: 3,027 @ 352.51p

Value: £10,670.42

Director name: Sherwin,Michael

Amount purchased: 15,048 @ 66.45p

Value: £9,999.40

Icg Enterprise Trust LSE:ICGT

Director name: Bruce,Alastair

Amount purchased: 711 @ 1,406.00p

Value: £9,996.66

Top Director Sells