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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 issued an update.

Monadelphous Group Limited announced a change in the director’s interest, with Zoran Bebic converting 20,346 performance rights into ordinary shares, increasing his indirect holdings to 160,165 shares. This change reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially impacting 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 is a leading Australian engineering group providing construction, maintenance, and industrial services to the resources, energy, and infrastructure sectors. The company is known for its expertise in delivering large-scale projects and maintenance services, primarily focusing on the Australian market.

Average Trading Volume: 237,186

Technical Sentiment Signal: Buy

Current Market Cap: A$1.74B

See more insights into MND stock on TipRanks’ Stock Analysis page.

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