Bhagwan Marine Director Increases Indirect Shareholding and Updates Equity Interests

Bhagwan Marine Ltd. ( (AU:BWN) ) has shared an announcement.

Bhagwan Marine Ltd. has disclosed a change in the interests of director Andrew Wackett, whose holdings are held indirectly through the Wackett Family Super Fund. The notice reflects standard corporate governance disclosure under ASX rules, highlighting the director’s updated exposure to the company’s equity instruments and aligning with transparency expectations for listed entities.

Through the family superannuation structure, Wackett increased his indirect holding by 60,976 fully paid ordinary shares for a consideration of $25,000.16. Following the transaction, his indirect interests now comprise 220,976 ordinary shares alongside a substantial portfolio of unquoted performance rights subject to performance conditions and vesting over 2026 to 2028, signaling a continued alignment of his incentives with Bhagwan Marine’s long-term performance.

The most recent analyst rating on (AU:BWN) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Bhagwan Marine Ltd. stock, see the AU:BWN Stock Forecast page.

More about Bhagwan Marine Ltd.

Bhagwan Marine Ltd. is an Australian-listed marine services company that operates specialized vessels and related support services to the offshore, resources, and marine infrastructure sectors. The company focuses on servicing energy, construction, and governmental clients that require marine logistics, vessel charter, and subsea support capabilities in regional and international waters.

Average Trading Volume: 398,665

Technical Sentiment Signal: Sell

Current Market Cap: A$130.8M

Learn more about BWN stock on TipRanks’ Stock Analysis page.