NAOS Ex-50 Director Increases Indirect Shareholding via On-Market Purchase

An announcement from NAOS Ex-50 Opportunities Co. Ltd. ( (AU:NAC) ) is now available.

NAOS Ex-50 Opportunities Company Limited reported a change in director Sebastian Evans’ indirect interest in the company’s securities following an on-market purchase. Through associated entities, Evans increased his holding by 15,000 ordinary shares for a cash consideration of $9,975, bringing his total interest to 6,212,009 ordinary shares and 1,592,404 listed options.

The transaction, executed via NAOS Asset Management Limited, did not involve any changes to contractual interests and was not undertaken during a closed trading period. The additional share acquisition signals continued alignment of the director’s financial interests with those of shareholders, modestly increasing insider ownership in the investment company.

The most recent analyst rating on (AU:NAC) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on NAOS Ex-50 Opportunities Co. Ltd. stock, see the AU:NAC Stock Forecast page.

More about NAOS Ex-50 Opportunities Co. Ltd.

NAOS Ex-50 Opportunities Company Limited is an Australian listed investment company focused on opportunities outside the S&P/ASX 50 index. It provides investors with access to a diversified portfolio of smaller and mid-cap Australian equities, managed by NAOS Asset Management and related entities with a long-term, concentrated investment approach.

Average Trading Volume: 34,580

Technical Sentiment Signal: Buy

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