Magontec Director Ups Stake via Dividend Plan

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

Magontec Limited has reported that Director Nicholas William Andrews increased his indirect shareholding by acquiring 33,308 ordinary shares through the company’s Dividend Reinvestment Plan as of April 30, 2024, bringing his total indirect ownership to 1,800,890 shares. The shares were acquired at a price of $0.3184 per share, totaling $10,605.26. There were no disposals or changes in director’s interests in contracts reported.

For further insights into AU:MGL stock, check out TipRanks’ Stock Analysis page.