Codan Director Graeme Barclay Increases Shareholding Through Exercise of Rights

Codan Limited ( (AU:CDA) ) has provided an update.

Codan Limited has reported a change in director Graeme Rodger Crawford Barclay’s interests in the company’s securities, following the exercise of non-executive director (NED) rights under the Codan Share Rights Plan. Barclay acquired 2,283 ordinary shares at a price of $29.4561 per share, increasing his direct holding and consolidating his equity exposure alongside existing positions held through various family, superannuation and investment entities.

After the transaction, Barclay’s direct ordinary shareholding rose to 4,675 shares, while his indirect holdings via Basslay Pty Ltd as trustee for the Barclay Family Trust, The G R C Barclay Superannuation Fund and First Horizon Investments Pty Ltd remained unchanged. The company confirmed that the transaction did not occur during a closed period and that there were no related changes in contracts, signalling a routine equity-based remuneration event rather than a shift in governance or strategic direction.

The most recent analyst rating on (AU:CDA) stock is a Buy with a A$38.50 price target. To see the full list of analyst forecasts on Codan Limited stock, see the AU:CDA Stock Forecast page.

More about Codan Limited

Codan Limited is an Australian-listed company that designs and manufactures technology solutions, with its portfolio historically focused on communications equipment, metal detection and related electronic products. The group serves global commercial, industrial, security and consumer markets, leveraging its engineering capabilities to provide specialised hardware and systems for niche and mission-critical applications.

Average Trading Volume: 334,565

Technical Sentiment Signal: Buy

Current Market Cap: A$6.3B

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