Bhagwan Marine Director Lifts Indirect Stake via Share Placement

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

Bhagwan Marine Limited has disclosed a change in director Anthony Wooles’ relevant interest in the company’s shares, reflecting an increase in his indirect holding through AEW Holdings Pty Ltd. Following a shareholder-approved director placement, Wooles’ associated entity received 1,607,979 additional ordinary shares for consideration of $659,271.39.

As a result of this issuance, AEW Holdings Pty Ltd’s stake rose from 23,392,021 to 25,000,000 fully paid ordinary shares, while Wooles continues to hold no shares directly in his own name. The transaction, conducted under an approved director placement and ASX listing rules, further concentrates ownership with Wooles’ controlled entity and underscores ongoing alignment between board interests and shareholder capital structure decisions.

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 Limited is an Australia-listed company operating in the marine services sector, with its shares traded on the ASX under the code BWN. The company’s activities center on maritime operations, with equity held by directors and related entities playing a meaningful role in its ownership structure and governance profile.

Average Trading Volume: 398,665

Technical Sentiment Signal: Sell

Current Market Cap: A$130.8M

For a thorough assessment of BWN stock, go to TipRanks’ Stock Analysis page.