AF Legal Director Peter Johns Increases Indirect Shareholding Via Westferry Fund

AF Legal Group Limited ( (AU:AFL) ) has issued an update.

AF Legal Group disclosed a change in director Peter Johns’ indirect holdings, after an on-market purchase of 59,908 fully paid ordinary shares at $0.16 each through Westferry Operations Pty Ltd as trustee for The Westferry Fund. Following this transaction, Johns’ indirect interest now comprises 5,559,908 shares in The Westferry Fund and an unchanged 10,000,000 shares in the Westferry Legal Services Fund, signalling a modest increase in his economic exposure to the company without any changes to contractual interests.

The update underscores the continued alignment of the director’s interests with AF Legal Group’s equity performance, as Johns remains both a director and shareholder of Westferry Operations Pty Ltd and a beneficiary of the associated funds. No changes were reported in his interests in contracts, suggesting that the impact is confined to equity holdings rather than broader financing or commercial arrangements, and may be viewed by stakeholders as a routine but supportive vote of confidence in the company’s prospects.

More about AF Legal Group Limited

AF Legal Group Ltd is an Australian-listed company operating in the legal services sector. The firm is involved in providing legal services and appears to have a focus on matters that attract investment via dedicated legal services funds, indicating an investor-backed, fund-related structure around its operations.

YTD Price Performance: -8.33%

Average Trading Volume: 77,803

Technical Sentiment Signal: Hold

Current Market Cap: A$15.3M

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