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JEL

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NEUTRAL

Jersey Electricity CEO Purchases Shares

Why we think this is neutral

The RNS announcement is a routine director dealing notification, which does not indicate any material financial impact on the business. The CEO's purchase of 4,000 shares at £4.25 per share is a relatively small transaction compared to the company's market capitalization of £132.99M.

Key Points

  • CEO Christopher John Ambler purchased 4,000 'A' Ordinary Shares at £4.25 per share

Summary

The electricity provider announced its CEO purchased 4,000 shares in a routine regulatory filing.

Jersey Electricity plc, an electricity generation, transmission, distribution, and supply company in Jersey, announced that its CEO, Christopher John Ambler, purchased 4,000 'A' Ordinary Shares of the company at £4.25 per share, for a total of £17,000. This appears to be a routine director dealing notification and does not indicate any material financial impact on the business.

DIRECTOR DEALINGS