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Polynovo Director Increases Shareholding

Story Highlights
  • Polynovo Limited’s director David Williams increased his shareholding by acquiring 37,000 shares.
  • The acquisition was made through an on-market trade, raising Williams’ total shares to 21,457,635.
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Polynovo Director Increases Shareholding

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Polynovo ( (AU:PNV) ) just unveiled an update.

Polynovo Limited has announced a change in the director’s interest notice involving David Williams, a director and controller of Moggs Creek Pty Ltd. The company operates in the medical technology industry, focusing on the development and commercialization of innovative wound care solutions. The announcement details that Moggs Creek Pty Ltd, a related entity of Mr. Williams, acquired 37,000 ordinary shares at a total value of $51,980.04 through an on-market trade. This acquisition increases the total number of shares held by Mr. Williams to 21,457,635. The transaction did not occur during a closed period, indicating compliance with trading regulations.

The most recent analyst rating on (AU:PNV) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Polynovo stock, see the AU:PNV Stock Forecast page.

More about Polynovo

Average Trading Volume: 2,686,764

Technical Sentiment Signal: Sell

Current Market Cap: A$1.02B

For detailed information about PNV stock, go to TipRanks’ Stock Analysis page.

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