ESGL - ESGL Holdings Limited Announces Chairman and CEO's Purchase of Company Shares | Benzinga
SINGAPORE, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Environmental Solutions Group Holdings Limited (NASDAQ:ESGL) ("ESGL" or the "Company"), a leading carbon neutral innovative enviro-tech company regenerating industrial waste into circular products, today announced that its Chairman and Chief Executive Officer, Mr. Leng Chuang, Quek, has recently acquired 191,348 ordinary shares of the Company. These transactions, consisting of negotiated private block trades, were executed at an average price of US$0.50 per share. As a result of these acquisitions, Mr. Quek's ownership stake in ESGL will increase from 29.8% to 31.31%.
Notably, these share purchases were not part of a pre-arranged trade plan or program, demonstrating Mr. Quek's strong confidence in the Company's current and future prospects. Furthermore, Mr. Quek has expressed the potential for both himself and the management team to make additional purchases of ESGL shares in the near future. These purchases may take place through various channels, including open-market transactions, privately negotiated deals, block trades, or other legally permissible methods. The timing and scale of these purchases will be influenced by market conditions and will adhere to relevant regulatory guidelines.
In response to his recent share acquisition, Mr. Quek stated, "I am excited about leading ESGL and have full confidence in the Company's strategy, execution, and long-term potential. My commitment to the company's future development remains unwavering."
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