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Lottery Corporation Limited ( (AU:TLC) ) just unveiled an update.
The Lottery Corporation has disclosed a change in director Megan Quinn’s interests after 10,000 ordinary shares were inadvertently sold during the transfer of her externally managed superannuation account to a self-managed fund. Quinn notified the company upon becoming aware of the transaction, and an Appendix 3Y was promptly lodged with the ASX.
The company emphasised that the disposal was an isolated incident and affirmed confidence in its existing reporting and notification practices to ensure ongoing compliance with ASX Listing Rules 3.19A and 3.19B. The clarification aims to reassure investors and regulators that governance controls around director shareholdings remain robust despite the administrative error.
The most recent analyst rating on (AU:TLC) stock is a Buy with a A$5.70 price target. To see the full list of analyst forecasts on Lottery Corporation Limited stock, see the AU:TLC Stock Forecast page.
More about Lottery Corporation Limited
The Lottery Corporation Limited operates in the gaming and lotteries sector, offering lottery products and related wagering services to Australian consumers. Listed on the ASX, the company is subject to stringent disclosure and governance requirements under the exchange’s listing rules.
Average Trading Volume: 3,690,454
Technical Sentiment Signal: Buy
Current Market Cap: A$12.13B
For a thorough assessment of TLC stock, go to TipRanks’ Stock Analysis page.