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Latitude Director Julie Raffe Increases Indirect Shareholding and Rebalances Capital Notes

Story Highlights
  • Director Julie Raffe has increased her indirect holding by purchasing 34,403 Latitude shares on market.
  • Raffe reinvested 550 Capital Notes 1 into Capital Notes 2, reshaping her indirect capital securities exposure.
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Latitude Director Julie Raffe Increases Indirect Shareholding and Rebalances Capital Notes

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Latitude Group Holdings Ltd. ( (AU:LFS) ) has provided an announcement.

Latitude Group Holdings has disclosed a change in the interests of non-executive director Julie Raffe, reflecting adjustments to her indirect holdings via family trusts. The update, lodged with the ASX, details movements in fully paid ordinary shares and capital notes held on her behalf.

Raffe, through Netwealth Investments as trustee entities, purchased 34,403 Latitude ordinary shares on market and now holds 113,930 shares indirectly. She also reinvested 550 Capital Notes 1 into 550 Capital Notes 2 under a prospectus reinvestment offer, consolidating her exposure in the company’s newer capital notes line while maintaining an indirect debt-style interest.

The most recent analyst rating on (AU:LFS) stock is a Hold with a A$1.20 price target. To see the full list of analyst forecasts on Latitude Group Holdings Ltd. stock, see the AU:LFS Stock Forecast page.

More about Latitude Group Holdings Ltd.

Latitude Group Holdings Limited is a financial services provider listed on the ASX, offering consumer lending products such as credit facilities and capital notes. The company operates in the broader consumer finance and credit markets, using listed capital securities as part of its funding and investment structure.

Average Trading Volume: 69,574

Technical Sentiment Signal: Sell

Current Market Cap: A$967M

For a thorough assessment of LFS stock, go to TipRanks’ Stock Analysis page.

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