Reece Director Angela Mentis Increases Indirect Shareholding

The latest announcement is out from Reece Limited ( (AU:REH) ).

Reece Limited has disclosed a change in director Angela Mentis’s indirect shareholding, reflecting an increase in her personal financial stake in the company. Through the Mentis Superannuation Fund, her holding rose from 7,000 to 12,800 ordinary shares following an on-market purchase of 5,800 shares valued at $88,160.

The transaction signals strengthened alignment between the director’s interests and those of shareholders, as it represents additional capital committed to Reece at prevailing market prices. There were no related changes in derivative contracts or other director-related agreements, and the company confirmed the trade did not occur during a closed trading period.

The most recent analyst rating on (AU:REH) stock is a Hold with a A$13.90 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.

More about Reece Limited

Reece Limited is an Australian company listed on the ASX, operating in the plumbing and building supplies industry. The group is a major distributor of plumbing, bathroom, heating, cooling, and related products, serving trade professionals and commercial customers across Australia and other markets.

Average Trading Volume: 769,013

Technical Sentiment Signal: Buy

Current Market Cap: A$9.48B

For a thorough assessment of REH stock, go to TipRanks’ Stock Analysis page.