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Monadelphous Director Increases Shareholding Through Performance Rights Conversion

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Monadelphous Director Increases Shareholding Through Performance Rights Conversion

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Monadelphous Group Limited ( (AU:MND) ) has provided an update.

Monadelphous Group Limited announced a change in the director’s interest, with Robert Velletri converting 9,674 performance rights into ordinary shares, increasing his indirect holdings to 2,302,026 shares. This change reflects the company’s ongoing commitment to aligning executive interests with shareholder value, potentially impacting the company’s governance and stakeholder confidence positively.

The most recent analyst rating on (AU:MND) stock is a Buy with a A$15.93 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.

More about Monadelphous Group Limited

Monadelphous Group Limited operates in the engineering sector, providing construction, maintenance, and industrial services to the resources, energy, and infrastructure markets.

Average Trading Volume: 237,186

Technical Sentiment Signal: Buy

Current Market Cap: A$1.74B

For an in-depth examination of MND stock, go to TipRanks’ Overview page.

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