Celsius Resources Directors Increase Stakes Through Share Subscriptions

Celsius Resources ( (AU:CLA) ) just unveiled an update.

Celsius Resources has disclosed share subscriptions by two board members following its recent general meeting, in line with UK Market Abuse Regulation requirements. Managing director Bardin Davis acquired 1,250,000 director placement shares and 846,111 consideration shares, while director Neil Grimes subscribed for 500,000 director placement shares, modestly increasing insider ownership and signaling director support for the company’s capital structure.

After these transactions, Davis holds a total of 2,096,111 ordinary shares, representing about 0.06% of issued share capital, and Grimes holds 500,000 shares, or roughly 0.01%. The relatively small but visible director stakes may be interpreted by investors as a vote of confidence in Celsius Resources’ prospects, while also enhancing transparency around management’s financial alignment with shareholders under market abuse regulations.

More about Celsius Resources

Celsius Resources Limited is an Australia-based resources company listed on the ASX and AIM under the ticker CLA. The company focuses on mineral resource exploration and development, with its shares traded via depositary interests of no par value in international markets.

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