ReNu Energy Director Increases Shareholding

ReNu Energy Limited ( (AU:RNE) ) has provided an announcement.

ReNu Energy Limited has announced a change in the interest of one of its directors, Boyd White, who has increased his indirect shareholding in the company. The increase was facilitated through the exercise of performance rights issued in lieu of cash-based director fees, resulting in the acquisition of 16,200,000 fully paid ordinary shares, bringing his total holdings to 27,215,989 shares. This change highlights a potential increase in the director’s commitment or confidence in the company’s future prospects, which could be perceived positively by stakeholders and investors.

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Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.08M

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