Magontec Director Amplifies Stake via Dividend Plan

Magontec Limited (AU:MGL) has released an update.

Magontec Limited has reported that Director Zhong Jun Li has increased his shareholding through the company’s Dividend Reinvestment Plan as of April 30, 2024. The transaction involved the acquisition of 62,079 ordinary shares at $0.3184 per share, totaling $19,765.95, raising Li’s total holdings to 3,937,386 shares. These changes in director’s interests are routinely disclosed to the ASX to ensure transparency and compliance with corporate governance standards.

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