Harbour Energy Share Price (HBR)

Harbour Energy plc () has released an update.

Harbour Energy CEO Linda Z. Cook has bolstered her stake in the company with the purchase of 86,050 ordinary shares at an average price of 285.5 pence each. Following this transaction, Cook’s total interest in Harbour Energy amounts to 1.117% of the issued share capital. The purchase, conducted on the London Stock Exchange, signals a vote of confidence from the CEO in the firm’s prospects.

https://www.tipranks.com/news/company-announcements/harbour-energy-ceo-increases-shareholding

"suggests"

"She could have coped for some nice shoes and hand bags instead if she wanted to !"

That part of her CEO corporate clothing allowance!!!

Hi Ancient,

I posted this a couple of days ago but it sure shows how everyone is now banking on the deal going through.

£3 is beckoning....What will the Yanks do to us ???

"I would not get too excited about this....all HBR have had their performance bonus payments on 25th.....LC probably scoops a batch of shares as part of her bonus structure.....timing coincides"

The RNS suggests this is a personal purchase of shares rather than a Share allocation through a Bonus Award. These generally are reported differently. Ive never seen anyone given cash to purchase shares before as part of their performance bonus.

If Linda has used some of her performance bonus to purchase shares, then that is also suggesting she is confident in where her money is going. She could have coped for some nice shoes and hand bags instead if she wanted to !

Wintershall Dea management board to step down after Harbour Energy deal closed

BERLIN, April 24 (Reuters) - Wintershall Dea (WINT.UL) said on Wednesday that the current management board will step down after the transfer of its non-Russian oil and gas assets to Britain's Harbour Energy.

CEO Mario Mehren, COO Dawn Summers and CFO Paul Smith will remain members of the management board until the transaction closes and will then resign from their mandates, it said.

Stefan Schnell, currently senior vice president of Group Reporting & Performance Management at BASF (BASFn.DE), opens new tab, will be proposed as chairperson (CEO) of Wintershall Dea as of the closing of the transaction, expected in the fourth quarter.

Larissa Janz, vice president of special projects at Wintershall, would then assume the role of deputy CEO.

Harbour Energy agreed in December to acquire Wintershall Dea's non-Russian oil and gas assets in a $11.2 billion share and cash deal with co-owners BASF and LetterOne that creates one of the world's biggest independent producers.

Upon completion, Wintershall Dea's main tasks will include handling claims related to the expropriation of Russian assets, the sale of remaining assets and the closure of the headquarters' units in the German cities of Kassel and Hamburg.

Some 850 employees work at the headquarters, it said.

"To implement the required restructuring and ultimately the closure of the headquarters in a socially responsible manner, the company is currently negotiating a reconciliation of interests and a social plan with the works council," it said.

https://www.reuters.com/markets/commodities/wintershall-dea-management-board-step-down-after-harbour-energy-deal-closed-2024-04-24/