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An update from Colonial Motor Co Ltd ( (NZ:CMO) ) is now available.
The Colonial Motor Company Limited has disclosed a change in the relevant interests of its chief executive officer, Alexander Peter Gibbons, in accordance with New Zealand’s Financial Markets Conduct Act. Gibbons, who already held a substantial beneficial stake through a trust, has increased his directly held ordinary shares via an off-market transfer.
The filing shows Gibbons’ directly registered holding rising from 65,292 to 67,792 ordinary shares following the transfer of 2,500 shares at NZ$8.18 each. He also maintains a separate beneficial interest in 510,012 ordinary shares held by the trustees of the GD&AK Gibbons Trust, underscoring a significant aligned ownership position by the CEO in the listed motor group.
More about Colonial Motor Co Ltd
The Colonial Motor Company Limited is a New Zealand-listed automotive group, operating in vehicle retailing and related services. The company’s shares are publicly traded on the NZX, and its leadership team, including the chief executive officer, holds beneficial interests in the company’s ordinary shares, aligning management incentives with shareholder outcomes.
Average Trading Volume: 1,941
Technical Sentiment Signal: Strong Buy
Current Market Cap: N$261.6M
For a thorough assessment of CMO stock, go to TipRanks’ Stock Analysis page.