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Blue Energy Director Increases Stake Through Share Placement

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Blue Energy Director Increases Stake Through Share Placement

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An announcement from Blue Energy Limited ( (AU:BLU) ) is now available.

Blue Energy Limited announced a change in the indirect interest of its director, Mr. John Ellice-Flint, in the company’s securities. The director acquired 40 million ordinary shares valued at $200,000, increasing his indirect holding to 165,772,734 shares. This acquisition was part of Tranche 2 of a placement approved by shareholders, reflecting the company’s ongoing efforts to strengthen its financial position.

More about Blue Energy Limited

Average Trading Volume: 2,695,031

Technical Sentiment Signal: Sell

Current Market Cap: A$12.77M

Learn more about BLU stock on TipRanks’ Stock Analysis page.

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