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Eden Innovations ( (AU:EDE) ) has shared an announcement.
Eden Innovations has disclosed a significant change in the holdings of director Gregory Howard Solomon, following a shareholder-approved transaction that partially repaid an outstanding loan via the issue of new equity. Solomon, through his direct and indirect interests including Arkenstone Pty Ltd entities, acquired 28,571,428 fully paid ordinary shares and 14,285,714 unlisted options (exercisable at $0.07, expiring 8 September 2027) at a deemed price of $0.035 per share, increasing his indirect shareholding to 101,759,990 shares and unlisted options at $0.07 to 18,285,714. The transaction strengthens Eden Innovations’ balance sheet by reducing debt while further consolidating Solomon’s position as a key shareholder, underlining a strong alignment between the director’s interests and those of other investors.
The most recent analyst rating on (AU:EDE) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Eden Innovations stock, see the AU:EDE Stock Forecast page.
More about Eden Innovations
Eden Innovations Ltd is an Australian-listed company engaged in developing and commercialising innovative technologies, with its securities traded on the ASX. The company’s shareholder base includes significant holdings by directors and related entities, reflecting close alignment between management and equity ownership.
YTD Price Performance: 64.29%
Average Trading Volume: 1,122,756
Technical Sentiment Signal: Sell
Current Market Cap: A$25.33M
See more data about EDE stock on TipRanks’ Stock Analysis page.