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Angling Direct Chairman Increases Shareholding Through Option Exercise

Story Highlights
  • Angling Direct’s Chairman acquired 270,000 shares, raising his total to 420,000.
  • The transaction impacts voting rights, now totaling 75,074,304, showing strategic confidence.
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Angling Direct Chairman Increases Shareholding Through Option Exercise

Angling Direct Plc ( (GB:ANG) ) has shared an announcement.

Angling Direct plc announced that its Non-Executive Chairman, Andy Torrance, has exercised share options to acquire 270,000 ordinary shares, increasing his total holding to 420,000 shares, representing 0.6% of the company’s issued share capital. This transaction, completed at an exercise price of 21 pence per share, was satisfied through the transfer of shares from the company’s treasury, impacting the total voting rights, which now stand at 75,074,304. This move reflects internal confidence in the company’s strategic direction and may influence stakeholder perceptions positively.

More about Angling Direct Plc

Angling Direct is a leading omni-channel specialist fishing tackle retailer in the UK, with a growing presence in Europe. The company, headquartered in Norfolk, UK, operates approximately 50 retail stores and a robust digital platform. It offers over 25,000 fishing tackle products from industry-leading brands and its own brands, aiming to inspire exceptional fishing experiences for all.

YTD Price Performance: -4.94%

Average Trading Volume: 166,244

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £28.8M

For a thorough assessment of ANG stock, go to TipRanks’ Stock Analysis page.

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