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Finder Energy Director Increases Indirect Shareholding via Capital Placement

Story Highlights
  • Finder Energy director Damon Neaves increased his indirect shareholding through a family trust.
  • The director’s A$49,999.95 share purchase in Tranche 2 supports the company’s capital raising efforts.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Finder Energy Director Increases Indirect Shareholding via Capital Placement

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Finder Energy Holdings Limited ( (AU:FDR) ) has issued an announcement.

Finder Energy Holdings Limited has disclosed a change in the indirect interests of director Damon Neaves, reflecting his participation in a previously announced capital placement. Through a family trust structure, Neaves acquired 135,135 additional fully paid ordinary shares for approximately A$49,999.95 as part of Tranche 2 of the company’s placement, increasing his total holding while leaving his performance rights unchanged. The transaction underscores ongoing board-level support for the company’s capital-raising activities and signals continued alignment between management and shareholders as Finder Energy strengthens its funding base.

The most recent analyst rating on (AU:FDR) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Finder Energy Holdings Limited stock, see the AU:FDR Stock Forecast page.

More about Finder Energy Holdings Limited

Finder Energy Holdings Limited is an Australian-listed company in the energy sector, focused on oil and gas exploration and related upstream activities. Its operations are geared toward identifying and developing hydrocarbon resources, positioning it within the broader resources and energy investment market.

Average Trading Volume: 970,422

Technical Sentiment Signal: Buy

Current Market Cap: A$187.6M

See more insights into FDR stock on TipRanks’ Stock Analysis page.

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