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De.mem Ltd. ( (AU:DEM) ) has provided an update.
De.mem Limited has reported a change in the way director Andreas Hendrik De Wit holds his interest in the company’s securities, without altering the total number of shares or options he controls. The director’s fully paid ordinary shares were transferred from a direct holding into an indirect holding via BNP Paribas Nominees Pty Ltd, with no consideration paid and no change to his existing unlisted options.
The notice confirms that the director now holds his ordinary shares beneficially through the nominee structure and retains voting and disposal rights over those securities. The transaction did not occur during a closed trading period and does not reflect a buy or sell decision, suggesting no immediate change in the director’s economic exposure to De.mem, but a restructuring of how his interests are recorded for compliance and administrative purposes.
The most recent analyst rating on (AU:DEM) stock is a Sell with a A$0.08 price target. To see the full list of analyst forecasts on De.mem Ltd. stock, see the AU:DEM Stock Forecast page.
More about De.mem Ltd.
De.mem Limited is a listed company whose disclosures indicate involvement in issuing and managing fully paid ordinary shares and unlisted options on the ASX. The company operates within a regulated corporate environment where director interests and securities transactions are closely monitored and reported under Australian listing and corporations rules.
Average Trading Volume: 232,806
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$31.03M
See more insights into DEM stock on TipRanks’ Stock Analysis page.