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Babylon Pump & Power Director Increases Stake in Performance Rights

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Babylon Pump & Power Director Increases Stake in Performance Rights

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The latest announcement is out from Babylon Pump & Power Ltd ( (AU:BPP) ).

Babylon Pump & Power Limited announced a change in the director’s interest, with Mr. Michael Shelby acquiring 29,636,667 unlisted performance rights under the Incentive Awards Plan. This acquisition, valued at approximately $170,000, increases his direct interest in performance rights to 63,636,667, reflecting the company’s strategy to align management incentives with shareholder interests.

More about Babylon Pump & Power Ltd

Babylon Pump & Power Limited operates in the industrial sector, focusing on providing specialized equipment and services, particularly in the areas of pump and power systems. The company targets industries requiring high-performance equipment solutions, enhancing operational efficiency and reliability.

Current Market Cap: €7.27M

See more data about BPP stock on TipRanks’ Stock Analysis page.

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