LONDON - Cordiant Digital Infrastructure Ltd, the digital infrastructure-focused investment firm, has disclosed a notable share purchase by its Chairman and Co-Founder, Steven Marshall. On November 27, 2024, Marshall acquired 179,305 ordinary shares at an average price of 88.1 pence each.
This transaction has increased Marshall's total holdings to 10,695,425 ordinary shares in the company. With this purchase, the collective ownership of the company's shares by its directors and the investment manager's staff now amounts to 1.82% of Cordiant Digital Infrastructure's issued share capital.
This investment by a high-ranking executive is often seen as a sign of confidence in the company's prospects. Share purchases by insiders can be a positive indicator for investors, signaling that those with the most intimate knowledge of the company's operations and market potential are willing to invest their own money in its stock.
It's important to note that this information is based on a press release statement and should not be seen as an endorsement of the company's future performance. Investors typically consider a range of factors, including market conditions and broader economic indicators, before making investment decisions.
Cordiant Digital Infrastructure Ltd is known for its operational focus on digital infrastructure investments, which include assets such as data centers, fiber networks, and telecom towers. These types of assets have become increasingly crucial as global demand for digital connectivity and services continues to grow.
The company's shares are traded on the London Stock Exchange (LON:LSEG), and this recent purchase by the Chairman has been officially reported in compliance with market regulations. The London Stock Exchange's news service RNS, regulated by the Financial Conduct Authority in the UK, provided the details of the transaction.
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