Colonial Motor Director John Beveridge Discloses Initial Shareholding

Colonial Motor Co Ltd ( (NZ:CMO) ) has provided an update.

The Colonial Motor Company has disclosed that director John Alexander Beveridge has acquired a beneficial interest in 2,000 ordinary shares in the company. The shares were obtained via an on-market transfer at a price of NZ$8.10 per share, with the transaction occurring on 24 March 2026 and formally recorded as his initial director interest.

This purchase represents Beveridge’s first recorded holding in Colonial Motor since his appointment, aligning his personal stake more closely with shareholder interests. The move may be viewed by investors as a signal of confidence from the boardroom, though the transaction is relatively small in scale and took place outside any closed trading period.

More about Colonial Motor Co Ltd

The Colonial Motor Company Limited is a New Zealand-listed automotive group, best known as a long-standing dealer and distributor of motor vehicles and related services across the country. Its operations span vehicle retailing and associated automotive activities, positioning the company as a key player in New Zealand’s motor distribution and dealership market.

Average Trading Volume: 1,811

Technical Sentiment Signal: Strong Buy

Current Market Cap: N$266.1M

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