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The latest announcement is out from Solution Dynamics Limited ( (NZ:SDL) ).
Meta Capital Limited has ceased to be a substantial shareholder in Solution Dynamics after transferring its entire holding via an off-market related party transaction. The transfer involved 1,600,658 ordinary shares at $0.55 per share, moving Meta Capital’s stake from 10.09% of issued capital to zero.
The shares were transferred to John Stephen McMahon, who is both the sole director and 100% owner of Meta Capital and a director of Solution Dynamics. As a result, the disclosure serves both as a substantial holding notice and as a director’s interest disclosure, clarifying McMahon’s direct ownership position for investors and regulators.
More about Solution Dynamics Limited
Solution Dynamics Limited is a New Zealand-listed company, though the release does not specify its exact industry or core services. The company is subject to New Zealand’s Financial Markets Conduct Act disclosure rules, reflecting its status as a listed issuer with obligations around substantial shareholding and director interests.
Average Trading Volume: 10,890
Technical Sentiment Signal: Strong Sell
Current Market Cap: N$8.31M
See more data about SDL stock on TipRanks’ Stock Analysis page.