Lark Distilling Director Increases Indirect Shareholding via Family Trust

Lark Distilling Co. Ltd. ( (AU:LRK) ) has provided an announcement.

Lark Distilling Co. Ltd has disclosed a change in the relevant interests of director Stuart Gregor, who has increased his indirect shareholding in the company. Through Netwealth Investments Ltd as trustee for the Gregor Family Trust, Gregor acquired 60,000 ordinary fully paid shares in an on-market trade at $0.705 per share, while his existing holding via the Gregor Family Superannuation Fund remains unchanged.

Following the transaction, Gregor’s total indirect interest now comprises 176,470 shares held through the Gregor Family Superannuation Fund and 60,000 shares held through the Gregor Family Trust. The purchase signals additional personal financial commitment by the director to Lark Distilling, which may be viewed by investors as a vote of confidence in the company’s prospects and share valuation.

The most recent analyst rating on (AU:LRK) stock is a Buy with a A$0.88 price target. To see the full list of analyst forecasts on Lark Distilling Co. Ltd. stock, see the AU:LRK Stock Forecast page.

More about Lark Distilling Co. Ltd.

Lark Distilling Co. Ltd is an Australian company operating in the alcoholic beverages sector, focused on distilling and selling spirits such as whisky. The company is listed on the ASX and its shareholder base includes directors and related entities investing through managed funds and family trusts.

Average Trading Volume: 53,338

Technical Sentiment Signal: Sell

Current Market Cap: A$73.27M

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