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Lakes Blue Energy Director Nicholas Mather Increases Stake via $500,000 Placement

Story Highlights
  • Director Nicholas Mather has increased his indirect shareholding through several related entities.
  • He acquired 434,783 new shares for $500,000 in a Tranche 2 placement approved at the AGM.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lakes Blue Energy Director Nicholas Mather Increases Stake via $500,000 Placement

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The latest announcement is out from Lakes Blue Energy NL ( (AU:LKO) ).

Lakes Blue Energy NL has disclosed a change in director Nicholas Mather’s indirect interests, noting his holdings are structured through Samuel Capital Pty Ltd, the Mather Super Fund and Samuel Holdings Pty Ltd. The filing shows Mather acquired 434,783 fully paid ordinary shares for $500,000 via the company’s Tranche 2 placement approved at the recent annual general meeting, increasing his indirect shareholding and signalling a further capital injection and vote of confidence in the company by a key director-shareholder.

More about Lakes Blue Energy NL

Average Trading Volume: 128,040

Current Market Cap: A$102M

For an in-depth examination of LKO stock, go to TipRanks’ Overview page.

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