Empire Metals Limited announced that three of its directors, Mr. Shaun Bunn, Managing Director, Mr. Gregory Kuenzel, Finance Director, and Mr. Peter Damouni, Non-Executive Director, have made significant share purchases in the company. Mr. Bunn purchased 100,000 ordinary shares at 10 pence per share, increasing his total beneficial ownership to 2,211,111 shares. Mr. Kuenzel acquired 150,000 ordinary shares at the same price, bringing his total beneficial ownership to 3,858,578 shares. Mr. Damouni purchased 100,000 ordinary shares at a slightly lower price of 9.97 pence per share, increasing his total beneficial ownership to 1,309,614 shares.
The Market Abuse Regulation (MAR) Disclosure highlighted that the information in the announcement would have been considered inside information until its release. The notification and public disclosure of the transactions by the directors were also provided in detail, including the nature of the transactions, the price and volume of shares purchased, and the dates and places of the transactions.
The company's website and contact information for further inquiries were also provided in the announcement. This news indicates a show of confidence from the directors in the company's future prospects, as they have chosen to increase their stakes in Empire Metals Limited.