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The latest announcement is out from Metcash Limited ( (AU:MTS) ).
Metcash has disclosed that it lodged an Appendix 3Y notice for non‑executive director Marina Go outside the timeframe required by ASX Listing Rule 3.19A, after a delay in identifying share acquisitions through its dividend reinvestment plan held in her superannuation fund. The company emphasised that the omission was inadvertent, arising only once the director identified the transaction, and expressed regret for the late disclosure.
The wholesaler detailed existing governance procedures to ensure directors promptly report changes in their interests, such as a central register, standing board agenda items and post‑dividend confirmations, and noted all directors have signed ASX‑recommended disclosure agreements. While describing the incident as isolated, Metcash said it has strengthened follow‑up processes for directors using nominee or superannuation structures, signalling a tightening of compliance controls around director shareholdings and disclosure obligations.
The most recent analyst rating on (AU:MTS) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Metcash Limited stock, see the AU:MTS Stock Forecast page.
More about Metcash Limited
Metcash Limited is an Australian wholesale distribution and marketing company supplying independent retailers across the grocery, liquor and hardware sectors. The group underpins non‑chain supermarkets and bottle shops, positioning itself as a key player in supporting independent retail networks nationwide.
Average Trading Volume: 3,087,352
Technical Sentiment Signal: Hold
Current Market Cap: A$3.63B
See more data about MTS stock on TipRanks’ Stock Analysis page.