The latest update is out from Conduit Holdings Ltd ( (GB:CRE) ).
Conduit Holdings Limited announced that its Employee Benefit Trust has purchased 25,000 shares on the London Stock Exchange to support its employee share schemes. This transaction increases the total shares held by the trust to 7,593,309, representing 4.595% of the company’s total voting rights. The shares are intended to benefit employees, including executive directors, but the trust will abstain from voting unless directed by the company, though the manner of voting cannot be directed.
More about Conduit Holdings Ltd
Conduit Holdings Limited is the ultimate parent company of Conduit Reinsurance Limited, a Bermuda-based reinsurance business with a global reach. Conduit Re is a multi-line reinsurance company licensed by the Bermuda Monetary Authority as a Class 4 insurer. It has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) by A.M. Best, with a positive outlook. Conduit Holdings is listed on the London Stock Exchange.
YTD Price Performance: -23.50%
Average Trading Volume: 544,411
Technical Sentiment Signal: Buy
Current Market Cap: £550.2M
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