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GTN Director Shifts to Indirect Holding Via Viburnum Funds

Story Highlights
  • GTN director Jason Korman now holds no GTN shares directly in his own name.
  • Korman’s exposure to GTN is now indirect through Viburnum Funds, which holds over 107 million shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
GTN Director Shifts to Indirect Holding Via Viburnum Funds

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An announcement from GTN Ltd. ( (AU:GTN) ) is now available.

GTN Limited has disclosed a change in director Jason Korman’s relevant interests in the company’s securities, confirming that he now holds no GTN shares in his own name. However, Korman remains an employee and minority shareholder of Viburnum Funds Pty Ltd, which retains a substantial relevant interest in 107,246,048 GTN shares, meaning his economic exposure is now only indirect and held through this institutional investor, with no trading having occurred during a closed period.

The most recent analyst rating on (AU:GTN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on GTN Ltd. stock, see the AU:GTN Stock Forecast page.

More about GTN Ltd.

GTN Limited (ASX: GTN) is an Australia-listed company; while this notice does not detail its operations, the group is publicly traded and has a significant shareholding held via institutional investor Viburnum Funds Pty Ltd, which collectively holds more than 100 million GTN securities.

Average Trading Volume: 28,423

Technical Sentiment Signal: Sell

Current Market Cap: A$57.2M

For an in-depth examination of GTN stock, go to TipRanks’ Overview page.

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