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GTN Director Updates Disclosure of Indirect Shareholding

Story Highlights
  • GTN Limited reported an update to director Jason Korman’s relevant interests in its securities.
  • Korman now holds no shares directly but is linked via Viburnum Funds, which owns over 107 million GTN shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
GTN Director Updates Disclosure of Indirect Shareholding

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GTN Ltd. ( (AU:GTN) ) just unveiled an update.

GTN Limited has notified the ASX of a change in director Jason Korman’s relevant interests in the company’s securities, in compliance with listing rule 3.19A.2. The notice records that Korman now holds no GTN securities in his own name, but is an employee and minority shareholder (holding less than 20%) in Viburnum Funds Pty Ltd, which maintains a substantial relevant interest in 107,189,465 GTN shares, underscoring ongoing institutional involvement in the company’s register despite the director’s nil direct holding.

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; the filing does not specify its industry, products, or market focus beyond its status as a public entity subject to ASX disclosure rules.

Average Trading Volume: 30,691

Technical Sentiment Signal: Sell

Current Market Cap: A$56.25M

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

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