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Nine Entertainment Co. Holdings Limited ( (AU:NEC) ) has provided an announcement.
Nine Entertainment Co. has disclosed a change in director Peter Tonagh’s indirect shareholding, with his family super fund purchasing 212,765 additional ordinary shares on market. The transaction, valued at about $199,976, lifts Tonagh’s indirect holding from 123,456 to 336,221 shares, signalling increased personal exposure to the company’s equity and aligning his financial interests more closely with other shareholders.
The shares were acquired through Invia Custodian Pty Ltd as trustee for the Tonagh Family Super Fund, of which Tonagh is a beneficiary. The company confirmed the trade occurred outside a closed period, meaning no prior trading clearance was required, and reported no related changes in Tonagh’s interests in any company contracts.
The most recent analyst rating on (AU:NEC) stock is a Buy with a A$1.40 price target. To see the full list of analyst forecasts on Nine Entertainment Co. Holdings Limited stock, see the AU:NEC Stock Forecast page.
More about Nine Entertainment Co. Holdings Limited
Nine Entertainment Co. Holdings Ltd is an Australian media and entertainment company with interests across television broadcasting, streaming, publishing and digital media. The group operates free-to-air TV networks and related platforms, targeting national audiences and advertisers in the competitive Australian media market.
Average Trading Volume: 4,281,007
Technical Sentiment Signal: Sell
Current Market Cap: A$1.59B
See more insights into NEC stock on TipRanks’ Stock Analysis page.