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Memphasys Ltd ( (AU:MEM) ) has issued an update.
Memphasys Limited has disclosed a change in the securities interests of director Marjan Mikel, noting both direct and indirect holdings through entities associated with him. The filing details Mikel’s acquisition of 6,666,667 fully paid ordinary shares at $0.003 per share, along with a package of free attaching unlisted options and additional nil-cost alignment options with various exercise prices and expiries, indicating a material increase in his equity exposure and incentive-based alignment with the company’s future performance.
The most recent analyst rating on (AU:MEM) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Memphasys Ltd stock, see the AU:MEM Stock Forecast page.
More about Memphasys Ltd
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$13.07M
For a thorough assessment of MEM stock, go to TipRanks’ Stock Analysis page.