Foresta Director Restructures Major Shareholding via Off-Market Transfer

Leaf Resources Limited ( (AU:FGH) ) just unveiled an update.

Foresta Group Holdings Limited has disclosed a change in director Russell Allen’s relevant interests in the company’s securities, reflecting an internal reorganisation of his holdings. Allen transferred 51,739,726 ordinary shares from his wholly controlled entity NZBN 9429031608061 Pty Ltd to his own direct name via an off-market transfer at nil consideration, resulting in an increase in his directly held shares to 87,290,248 and a reduction of that entity’s holding to zero.

Following the transaction, Allen continues to hold a substantial indirect stake through SWAT7D Pty Ltd, which retains 888,235,880 ordinary shares and 2,000,000 convertible notes, leaving his overall economic interest in Foresta Group unchanged. The move appears to be an internal restructuring of ownership rather than a market trade, signaling no immediate change in the director’s total exposure to the company but clarifying the distribution of his direct versus indirect holdings for governance and disclosure purposes.

The most recent analyst rating on (AU:FGH) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Leaf Resources Limited stock, see the AU:FGH Stock Forecast page.

More about Leaf Resources Limited

Foresta Group Holdings Limited operates as a listed company on the ASX, with its securities including ordinary shares and convertible notes held by directors through both direct and indirect structures. The company’s shareholder base includes substantial holdings by director-associated entities, reflecting a concentrated ownership profile that may influence governance and control dynamics.

Average Trading Volume: 1,038,392

Technical Sentiment Signal: Sell

Current Market Cap: A$68.59M

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