Dowlais Group PLC announced that on 21 March 2024, its CEO, Liam Butterworth, and CFO, Roberto Fioroni, purchased ordinary shares of 1p each in the company as part of the annual bonus arrangements for the 2023 financial year. Liam Butterworth acquired 314,899 shares, while Roberto Fioroni acquired 167,179 shares. Both executives converted a portion of their net annual bonus into shares. The notification complies with the UK Market Abuse Regulation, and neither executive can sell, transfer, assign, or dispose of the shares for two years.
The details of the transactions include the nature of the acquisition, the price per share (£0.811771), the volume of shares, and the date and place of the transaction (London Stock Exchange). Each executive's position and status, as well as the LEI of Dowlais Group PLC, are also provided in the notification. This announcement provides transparency regarding the shareholding activities of the Company's key management personnel and their adherence to regulatory requirements.