Pengana Director David Groves Converts Restricted Rights Into Shares

Pengana Capital Group Ltd. ( (AU:PCG) ) has issued an update.

Pengana Capital Group has disclosed a change in the interests of non-executive director David Frederick Groves, detailing the restructuring of his holdings in the company. The notice outlines his direct and indirect interests through several related entities, including family, superannuation, and trust structures.

Groves has converted 188,152 Non-Executive Director (NED) Restricted Rights into an equivalent number of fully paid ordinary shares valued at $144,877.04, in line with Pengana’s NED Equity Plan rules. Following the transaction, his exposure is now reflected through increased shareholdings in Pengana Holdings Pty Ltd while the NED Restricted Rights have been fully exercised, signalling a shift from rights-based to equity-based alignment with shareholders.

The most recent analyst rating on (AU:PCG) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Pengana Capital Group Ltd. stock, see the AU:PCG Stock Forecast page.

More about Pengana Capital Group Ltd.

Pengana Capital Group Ltd is an Australian-listed investment management company that offers a range of funds and portfolio solutions to retail and institutional investors. The group focuses on actively managed strategies across domestic and global equities, targeting long-term capital growth and income for its client base.

Average Trading Volume: 24,564

Technical Sentiment Signal: Sell

Current Market Cap: A$69.79M

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