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Neurotech Director Mark Davies Increases Indirect Shareholding

Story Highlights
  • Neurotech director Mark Davies has significantly increased his indirect shareholding via a related entity.
  • His stake rose by over seven million shares to 18.9 million, following a shareholder-approved share issue.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Neurotech Director Mark Davies Increases Indirect Shareholding

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Neurotech International ( (AU:NTI) ) just unveiled an update.

Neurotech International has disclosed a change in director Mark Davies’ indirect shareholding, lodged under ASX listing rule 3.19A.2. The change relates to securities held through director-related entity Seivad Investments Pty Ltd .

Davies’ indirect holding increased by 7,142,858 fully paid ordinary shares, for consideration of $100,000.01, raising his total interest from 11,793,017 to 18,935,875 shares. The new shares were issued pursuant to a shareholder-approved resolution, and the company confirmed the transaction did not occur during a closed trading period requiring special clearance.

The most recent analyst rating on (AU:NTI) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Neurotech International stock, see the AU:NTI Stock Forecast page.

More about Neurotech International

Neurotech International Limited is an Australian-listed company in the healthcare and technology sector. It operates as a neurotechnology developer, with its activities centered around medical or therapeutic applications, and its shares are traded on the ASX, giving it access to public equity markets for growth and operations.

Average Trading Volume: 1,298,330

Technical Sentiment Signal: Sell

Current Market Cap: A$16.85M

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

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