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Pengana Director Kevin Eley Increases Stake via Equity Plan Conversion

Story Highlights
  • Pengana director Kevin Eley has exercised 134,465 restricted rights into fully paid ordinary shares under the Non-Executive Director Equity Plan.
  • Following the conversion, Eley’s combined direct and indirect holdings in Pengana total 938,102 shares, further aligning his interests with shareholders.
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Pengana Director Kevin Eley Increases Stake via Equity Plan Conversion

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

Pengana Capital Group has disclosed a change in director Kevin John Eley’s interests following the exercise of equity-based incentives. Eley converted 134,465 Non-Executive Director Restricted Rights into an equivalent number of fully paid ordinary shares under the company’s Non-Executive Director Equity Plan.

Following this transaction, Eley’s direct and indirect holdings now total 938,102 Pengana shares across his superannuation fund, personal holdings, and the employee share trust. The move increases his equity exposure and further aligns his interests with those of shareholders, but does not involve any change in contractual interests or on-market share trading.

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 Limited is an Australian-listed investment management company focused on listed equities and related investment products. It offers funds and equity-based incentive structures aimed at aligning directors, employees, and investors, with a particular emphasis on long-term share ownership by key personnel.

Average Trading Volume: 24,564

Technical Sentiment Signal: Sell

Current Market Cap: A$69.79M

See more data about PCG stock on TipRanks’ Stock Analysis page.

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