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An announcement from Gratifii Ltd ( (AU:GTI) ) is now available.
Gratifii Limited has disclosed a change in director Michael Hill’s interests in the company’s securities, following the issue of new fully paid ordinary shares. Hill, through his indirect holding vehicle Malolo Holdings Pty Ltd as trustee for the Malolo Holdings Trust, received 666,666 fully paid ordinary shares at $0.09 per share, issued in lieu of director fees as a share-based payment, increasing Malolo’s holding to 2,566,665 shares while his direct and other indirect holdings remain unchanged. The transaction underscores the company’s use of equity-based remuneration to compensate directors, marginally increasing Hill’s overall stake and further aligning his financial interests with those of other shareholders.
The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.
More about Gratifii Ltd
Gratifii Limited is an Australia-based company listed on the ASX. While this notice does not detail its operations, Gratifii operates within the listed corporate sector and compensates directors partly through equity, indicating an alignment of governance and remuneration with shareholder interests.
Average Trading Volume: 50,949
Technical Sentiment Signal: Sell
Current Market Cap: A$23.45M
Learn more about GTI stock on TipRanks’ Stock Analysis page.