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Retail Food Group Chairman Sells Shares to Cover Tax Liabilities

Story Highlights
  • Retail Food Group’s Chairman sold 335,000 shares to cover personal tax liabilities.
  • The sale was approved by the Board and aligns with the company’s Share Trading Policy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Retail Food Group Chairman Sells Shares to Cover Tax Liabilities

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An update from Retail Food Group ( (AU:RFG) ) is now available.

Retail Food Group Limited announced that its Non-Executive Chairman, Mr. Peter George, has sold 335,000 shares to cover personal tax liabilities. This decision was influenced by the significant portion of his liquid assets tied to these shares and his personal financial needs. The sale, which was approved by the company’s Board of Directors and conducted in line with the company’s Share Trading Policy, marks the first time Mr. George has sold shares since joining the board in 2018. Following this transaction, he retains 79,125 shares in the company.

The most recent analyst rating on (AU:RFG) stock is a Buy with a A$2.60 price target. To see the full list of analyst forecasts on Retail Food Group stock, see the AU:RFG Stock Forecast page.

More about Retail Food Group

Retail Food Group Limited (RFG) is a global food and beverage company headquartered in Queensland, Australia. It is the country’s largest multi-brand retail food franchise manager, owning well-known brands such as Gloria Jean’s, Donut King, Brumby’s Bakery, Crust Gourmet Pizza, and Beefy’s Pies. RFG also holds the exclusive license to expand Firehouse Subs restaurants in Australia and plans to open the first restaurant in mid FY26. The company distributes high-quality pies from its Sunshine Coast Bakery and coffee through its Sydney Roastery.

Average Trading Volume: 132,722

Technical Sentiment Signal: Sell

Current Market Cap: A$90.31M

Find detailed analytics on RFG stock on TipRanks’ Stock Analysis page.

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