White Energy Director Doubles Shareholding

White Energy Company Limited (AU:WEC) has released an update.

Brian Flannery, a director at White Energy Company Limited, has significantly increased his stake through a rights issue entitlement, doubling his holdings in the company across three different classes of interest. The transactions, all dated 5 June 2024, were executed at a price of $0.04 per ordinary share, amounting to a total consideration of over $1.6 million. No securities were disposed of in the process, indicating a strong vote of confidence from Flannery in the company’s future.

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