Ridley Director Increases Equity Stake Through Fee-for-Shares Election

Ridley Corporation Limited ( (AU:RIC) ) just unveiled an announcement.

Ridley Corporation has reported a change in the shareholdings of non-executive director Julie Elaine Raffe, reflecting an increase in her indirect beneficial interest in the company. Raffe’s holdings rose through the acquisition of 4,216 ordinary shares, bringing her total indirect interest via nominee and superannuation structures to 56,794 shares, underscoring continued alignment between the director’s financial interests and Ridley’s shareholder base.

The newly acquired shares, valued at $12,053.57, were obtained through an election to receive equity in lieu of part of her entitlement to director’s fees rather than a cash payment. This structure of remuneration strengthens the director’s exposure to Ridley’s long-term performance, which may be viewed positively by investors who favor governance practices that closely tie board compensation to shareholder outcomes.

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 company operating in the agribusiness and animal nutrition sector, supplying stockfeeds and related products to livestock producers and other participants in the food and agriculture supply chain. The company services domestic and export markets, positioning itself as a key supplier of feed solutions that support productivity in the broader agricultural industry.

Average Trading Volume: 604,369

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1B

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