Liberty Latin America Director Alfonso De Angoitia Purchases $10 Million in Preference Shares
Alfonso De Angoitia, director of Liberty Latin America Ltd. (NASDAQ:LILA), purchased approximately $10 million worth of Series A Preference Shares through an entity he beneficially owns, Grenadier S.A., at a price of $20.95 per share. This purchase is notable as it occurred well above the recent market close for common shares ($8.75) and reflects De Angoitia's confidence in the company’s long-term value despite its current stock performance. De Angoitia now holds 491,084 Series A Preference Shares directly or indirectly through Grenadier S.A., with a post-transaction valuation of $4.3 million based on market close prices as of September 2, 2026. The company has delivered an 81% total return over the past year and operates across multiple Latin American markets providing fixed-line, mobile, and subsea telecom services. The transaction may signal optimism from a key insider about Liberty Latin America’s future performance or its preference share structure, which offers a liquidation value of $25 per share plus accumulated dividends. The 9% dividend rate on these shares also makes them attractive for income-focused investors.
Tickers: $LILA