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An announcement from Ama Group Limited ( (AU:AMA) ) is now available.
Ama Group Limited has announced a change in the director’s interest notice, specifically regarding Brian Austin’s indirect interest in the company’s securities. The change involves a consolidation of security holdings on a 10-for-1 basis, which was approved by shareholders at the company’s Annual General Meeting. This consolidation reduces the number of ordinary shares held by Austin Superannuation Pty Ltd, a director-related entity, from 78,379,526 to 7,837,953. This move is part of the company’s strategic efforts to streamline its share structure, potentially impacting shareholder value and market perception.
The most recent analyst rating on (AU:AMA) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Ama Group Limited stock, see the AU:AMA Stock Forecast page.
More about Ama Group Limited
Ama Group Limited operates within the automotive industry, focusing on providing a range of services related to vehicle repair and maintenance. The company is known for its expertise in collision repair and has a significant market presence in Australia.
Average Trading Volume: 517,303
Technical Sentiment Signal: Hold
Current Market Cap: A$425.9M
Find detailed analytics on AMA stock on TipRanks’ Stock Analysis page.