Longboat Energy Exec Buys Shares, Signals Confidence

Longboat Energy Plc (GB:LBE) has released an update.

Longboat Energy Plc, a burgeoning E&P company, has disclosed that James Menzies, the future Executive Chairman, purchased 1,025,641 shares on June 17, 2024, subsequently increasing the collective holdings of Directors and PDMRs to 6.9% of the company’s issued share capital. The transaction took place on the London Stock Exchange at a price of 9.75 pence per share. This move signifies confidence in the company’s prospects and aligns management’s interests with those of the shareholders.

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