MA Financial Group Limited (AU:MAF) has released an update.
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Andrew Pridham, the trustee of a Pre IPO Trust and Vice Chairman of MA Financial Group Limited, has sold 2,000,000 shares of the company at $5.0128 each to meet Trust obligations and improve share liquidity. Following the sale, Pridham retains an 89% economic interest in the company, signifying his ongoing commitment as a long-term investor. This move is expected to increase the free float of MA Financial shares in the market.
For further insights into AU:MAF stock, check out TipRanks’ Stock Analysis page.