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Monash IVF Director Reduces Indirect Stake After Super Platform Closure

Story Highlights
  • Monash IVF director Catherine Aston has sold 75,000 indirectly held shares.
  • The disposal was compelled by Telstra Super’s closure of its Direct Access investment platform, leaving Aston with 2,000 shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Monash IVF Director Reduces Indirect Stake After Super Platform Closure

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Monash IVF Group Ltd ( (AU:MVF) ) has issued an announcement.

Monash IVF Group has disclosed a change in director Catherine Ann Aston’s shareholding following the lodgement of an Appendix 3Y notice. Aston has disposed of 75,000 indirectly held ordinary shares in the company, leaving her with a direct holding of 2,000 shares, after her superannuation fund Telstra Super closed its ‘Direct Access’ investment platform and required compulsory disposal of all securities held through that facility, indicating the change is driven by administrative platform changes rather than a discretionary decision about the company’s prospects.

The most recent analyst rating on (AU:MVF) stock is a Hold with a A$0.94 price target. To see the full list of analyst forecasts on Monash IVF Group Ltd stock, see the AU:MVF Stock Forecast page.

More about Monash IVF Group Ltd

Monash IVF Group Limited is an Australia-listed healthcare company specialising in assisted reproductive services, including in vitro fertilisation (IVF) and related fertility treatments. The group operates clinics and associated services focused on helping patients with fertility and reproductive health needs across its key markets.

Average Trading Volume: 2,496,352

Technical Sentiment Signal: Sell

Current Market Cap: A$286.4M

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

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