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MyState CEO Increases Shareholding via Dividend Reinvestment Plan

Story Highlights
  • MyState CEO Brett Morgan increased his shareholding via the dividend reinvestment plan.
  • The transaction raised Morgan’s total interest to 78,966 shares, signalling alignment with shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MyState CEO Increases Shareholding via Dividend Reinvestment Plan

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Mystate Limited ( (AU:MYS) ) has shared an announcement.

MyState Limited has disclosed a change in the holdings of Managing Director Brett Alexander Morgan, reflecting additional fully paid ordinary shares acquired through the company’s Dividend Reinvestment Plan. The transaction increased Morgan’s combined direct and indirect interest from 76,857 to 78,966 shares, with a total value of $9,216, underscoring ongoing executive participation in the capital management program and alignment with shareholders.

The additional shares were allotted both to Morgan personally and to Xanderjane Pty Ltd as trustee of the Morgan family account, with no shares disposed in the process. The company noted that the transaction did not occur during a closed period requiring prior written clearance, indicating it was conducted within standard trading windows and governance frameworks.

The most recent analyst rating on (AU:MYS) stock is a Buy with a A$5.42 price target. To see the full list of analyst forecasts on Mystate Limited stock, see the AU:MYS Stock Forecast page.

More about Mystate Limited

MyState Limited is an Australian financial services company that operates primarily in banking and related financial products. It offers services such as transaction and savings accounts, lending and investment products, and typically targets retail and small business customers in its markets.

Average Trading Volume: 205,540

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$790.7M

For detailed information about MYS stock, go to TipRanks’ Stock Analysis page.

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