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Highlights:
- Chairman adds one million shares: Steven Marshall acquires shares at an average price of 90.7p, boosting his total holding.
- Directors’ ownership reaches 1.95%: Combined holdings of directors and the Investment Manager underscore confidence in the company.
- Second purchase this month: Marshall previously acquired 170,000 shares on 3 December at 88.1p.
Cordiant Digital Infrastructure Ltd (LSE:CORD) has announced that its chairman and co-founder, Steven Marshall, has significantly increased his stake in the telecommunications infrastructure company. Marshall recently acquired one million ordinary shares at an average price of 90.7p, bringing his total shareholding to 11,695,425 shares.
This marks Marshall’s second substantial purchase in December, following the acquisition of 170,000 shares earlier in the month at 88.1p. These purchases highlight a continued commitment to the business amid its ongoing operations in the telco mast sector.
Increased Director Ownership
The latest acquisition further elevates the collective ownership of Cordiant's shares by directors and the Investment Manager, which now represents 1.95% of the company's issued shares. This level of ownership demonstrates a vested interest in the company’s long-term performance and signals confidence in its growth potential.
Strategic Position in Digital Infrastructure
Cordiant Digital Infrastructure focuses on investments in key digital infrastructure assets, including telecommunications masts and data centers. As digital connectivity continues to expand globally, the company is positioned to benefit from the rising demand for reliable infrastructure supporting telecommunications and internet services.
A Strong Message to the Market
The ongoing share acquisitions by Marshall send a strong message about the company's stability and future prospects. With this latest purchase, Marshall not only reinforces his confidence in Cordiant’s strategic direction but also aligns his interests further with those of the company’s stakeholders.
By increasing his stake during a pivotal time for digital infrastructure investments, Marshall underscores Cordiant's commitment to remaining a key player in the sector. This move could further bolster market sentiment around the company as it continues to expand its portfolio and capabilities.
