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An announcement from FirstWave Cloud Technology ( (AU:FCT) ) is now available.
FirstWave Cloud Technology has disclosed a change in director Daniel Maher’s relevant interests in the company’s securities. The filing shows an off-market transfer of 31.8 million fully paid ordinary shares between entities associated with Maher, with no cash consideration involved.
Following the transfer, Maher’s direct holding decreased to about 8.5 million shares, while his indirect holding through Super Fli Pty Ltd as trustee for Super Fli Superfund increased to roughly 233 million shares. His interests in 31 million share appreciation rights and 2.93 million service rights remain unchanged, indicating an internal restructuring of holdings rather than a reduction in his overall economic exposure to the company.
More about FirstWave Cloud Technology
FirstWave Cloud Technology Limited is an Australia-listed company operating in the cloud technology and cybersecurity sector. It provides cloud-based security solutions and related services, with its shares traded on the ASX, and is subject to Australian corporate and securities disclosure rules.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.38M
Find detailed analytics on FCT stock on TipRanks’ Stock Analysis page.