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Knosys Director Phillip Carter Increases Indirect Shareholding via Off-Market Trade

Story Highlights
  • Director Phillip Carter, through Granta Capital, acquired 1.4 million shares in Knosys via an off-market trade.
  • The purchase, worth $28,000, raises his exposure through shares and options, signaling confidence without changing capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Knosys Director Phillip Carter Increases Indirect Shareholding via Off-Market Trade

Meet Samuel – Your Personal Investing Prophet

The latest update is out from Knosys Ltd. ( (AU:KNO) ).

Knosys Ltd. has disclosed a change in director Phillip Carter’s indirect interests, with Carter’s associated entity Granta Capital Pty Ltd acquiring 1.4 million fully paid ordinary shares via an off-market trade. The transaction, valued at $28,000, leaves Carter holding 2 million options exercisable at $0.16 along with the newly acquired shares, modestly increasing his economic exposure to the company and aligning his interests more closely with shareholders, though it does not alter the firm’s capital structure.

The notice confirms that there were no disposals or forfeitures of securities and no changes to any contracts involving the director’s interests. While operational implications are minimal, the increased shareholding may be viewed by investors as a signal of confidence from a board member in Knosys’s future prospects and governance stability.

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

More about Knosys Ltd.

Knosys Ltd. is an Australian-listed company, though this filing provides no further details on its industry, products or services. The disclosure relates solely to changes in a director’s securities holdings rather than the company’s operating activities or market focus.

Average Trading Volume: 213,300

Technical Sentiment Signal: Sell

Current Market Cap: A$4.32M

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

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