Ridley director boosts personal shareholding via fee-for-equity election

Ridley Corporation Limited ( (AU:RIC) ) has shared an announcement.

Ridley Corporation has disclosed a change in the equity holdings of director Michael Peter McMahon, in line with ASX requirements for reporting directors’ interests in company securities. The filing outlines both his direct and indirect shareholdings, including those held via a superannuation fund in which he has a beneficial interest.

McMahon increased his direct holding by 7,026 ordinary shares on 16 March 2026, bringing his personal stake to 35,433 shares while his indirect holding through the M & A McMahon Super Fund remains unchanged. The additional shares, valued at about $20,089, were acquired by electing to receive equity in lieu of part of his director’s fees, signaling ongoing alignment of his remuneration with shareholder interests.

The most recent analyst rating on (AU:RIC) stock is a Buy with a A$3.52 price target. To see the full list of analyst forecasts on Ridley Corporation Limited stock, see the AU:RIC Stock Forecast page.

More about Ridley Corporation Limited

Ridley Corporation Limited is an Australian-listed company, with its core business indicated by its issuance of ordinary shares and governance under ASX listing rules. The company operates under standard corporate and regulatory frameworks that require timely disclosure of directors’ dealings in its securities to the market.

Average Trading Volume: 604,369

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1B

See more data about RIC stock on TipRanks’ Stock Analysis page.