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Praemium Ltd ( (AU:PPS) ) has issued an update.
Praemium Limited has disclosed a change in the interests of director Anthony Wamsteker, who holds both direct and indirect stakes in the company. Through Lornette Pty Ltd as trustee for the Lornette Super Fund, of which he is a beneficiary, Wamsteker acquired 177,737 ordinary shares via an on‑market trade at an average price of $0.7698 per share, increasing his indirect holding to 2.1 million ordinary shares while his direct holding of 2,237,097 performance rights remains unchanged. The transaction, carried out outside a closed period and without any associated contracts or derivative interests, modestly increases director alignment with shareholders and provides updated transparency on Praemium’s board-level ownership structure for investors and regulators.
The most recent analyst rating on (AU:PPS) stock is a Buy with a A$1.15 price target. To see the full list of analyst forecasts on Praemium Ltd stock, see the AU:PPS Stock Forecast page.
More about Praemium Ltd
Praemium Limited is an Australian-listed company that operates in the financial services and investment administration industry. It provides platforms and technology for the management and administration of investment portfolios, primarily serving financial advisers, wealth managers and their clients in Australia and selected international markets.
Average Trading Volume: 1,008,035
Technical Sentiment Signal: Buy
Current Market Cap: A$366M
For an in-depth examination of PPS stock, go to TipRanks’ Overview page.