Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Pengana Capital Group Ltd. ( (AU:PCG) ) has issued an announcement.
Pengana Capital Group has disclosed changes to the relevant interests of chief executive and director Russel Craig Pillemer in the company’s securities, stemming from internal equity arrangements rather than market trading. Pillemer is deemed to have a substantial relevant interest through direct holdings, associated entities and his more than 20% stake in Pengana, which in turn holds shares on behalf of staff plans.
The update reflects the issue of 551,035 fully paid ordinary shares to non‑executive directors under Pengana’s Non‑executive Director Equity Plan and the grant of 2,410,831 premium exercise price options expiring in 2030. In addition, 41,666 staff loan plan shares previously under voluntary escrow were bought back and cancelled, slightly adjusting Pillemer’s deemed interest while the company emphasised he did not dispose of any shares in a personal capacity or over which he has an economic interest.
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 fund management company focused on investment management services. It offers various equity and alternative investment strategies and operates employee and director equity plans that align key personnel with shareholder interests across its managed funds and corporate structure.
Average Trading Volume: 24,564
Technical Sentiment Signal: Sell
Current Market Cap: A$69.79M
See more insights into PCG stock on TipRanks’ Stock Analysis page.