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Beacon Lighting Group Ltd ( (AU:BLX) ) has provided an announcement.
Beacon Lighting Group has disclosed a change in the indirect shareholding of director Daniel Palumbo, following an on-market purchase of 3,571 fully paid ordinary shares at $2.81 per share through Lyre Capital Pty Ltd, increasing his total holding to 10,604 shares. The company acknowledged that the required notice was lodged late due to an administrative oversight, but stated it considers the incident isolated, remains satisfied with its existing compliance and notification procedures under ASX Listing Rules 3.19A and 3.19B, and has reinforced these arrangements with its directors to prevent future delays.
The most recent analyst rating on (AU:BLX) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Beacon Lighting Group Ltd stock, see the AU:BLX Stock Forecast page.
More about Beacon Lighting Group Ltd
Beacon Lighting Group Limited is an Australian company operating in the lighting retail sector. It focuses on selling lighting products to consumers, with its shares listed on the ASX, and its directors are subject to the exchange’s disclosure and reporting requirements.
Average Trading Volume: 295,021
Technical Sentiment Signal: Sell
Current Market Cap: A$350.9M
Find detailed analytics on BLX stock on TipRanks’ Stock Analysis page.