Harbour Energy PLC has announced that its Chief Executive Officer, Linda Z. Cook, has purchased 86,050 ordinary shares in the company at an average price of 285.5 pence per ordinary share. This transaction has increased Cook's interest in the company to 8,603,532 ordinary shares, which represents 1.117% of the company's issued share capital.
The notification of the transaction of Persons Discharging Managerial Responsibilities was made in accordance with the requirements of Article 19(3) of MAR. The details of the transaction, including the nature of the transaction, price, volume, date, and place of the transaction, were provided in the announcement.
This purchase by the CEO demonstrates confidence in the company's future prospects and may positively influence investor sentiment. It also aligns Cook's interests with those of the shareholders, as her stake in the company has increased.
The announcement provides transparency and regulatory compliance, ensuring that stakeholders are informed about significant transactions involving persons discharging managerial responsibilities within the company. This level of disclosure is essential for maintaining trust and confidence in the company's leadership and governance.
Overall, the purchase of ordinary shares by the CEO reflects a strong show of support for Harbour Energy PLC and its strategic direction, potentially bolstering investor confidence in the company's future performance.