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RBR Group Director Ian Macpherson Increases Holding Through Share-Based Fee Settlement

Story Highlights
  • RBR Group director Ian Macpherson received 2,551,417 new shares via related entities.
  • The shares, issued in lieu of A$76,543 in fees, increased his indirect holdings significantly.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
RBR Group Director Ian Macpherson Increases Holding Through Share-Based Fee Settlement

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The latest announcement is out from RBR Group Ltd ( (AU:RBR) ).

RBR Group Ltd has disclosed a change in director Ian Macpherson’s interests, with related entities under his control receiving 2,551,417 fully paid ordinary shares in the company. The new shares, valued at A$76,543, were issued in lieu of outstanding directors’ fees as approved at the annual general meeting, increasing Macpherson-related holdings in one of his entities to 6,900,093 shares and reinforcing the company’s use of equity to settle board remuneration while involving no on-market trades or disposals.

The most recent analyst rating on (AU:RBR) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on RBR Group Ltd stock, see the AU:RBR Stock Forecast page.

More about RBR Group Ltd

RBR Group Ltd is an Australia-listed company; the disclosure indicates a structure where directors and related entities hold fully paid ordinary shares, suggesting a capital-raising and remuneration framework that includes equity-based compensation. The company’s governance and remuneration practices involve issuing shares in lieu of cash fees, aligning director interests with shareholders via equity exposure.

Average Trading Volume: 94,523

Technical Sentiment Signal: Sell

Current Market Cap: A$2.63M

Learn more about RBR stock on TipRanks’ Stock Analysis page.

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