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Duxton Water Ltd. ( (AU:RIV) ) has provided an announcement.
Rivco Australia Limited has successfully completed the internalisation of its management, ending its Transitional Services Agreement with Duxton Capital Australia Pty Ltd. This strategic move involves a final cash payment to DCA and the conversion of performance rights into ordinary shares, marking a significant step in Rivco’s operational independence. Additionally, the company announced changes to its board, with the appointment of Chris Larsen as an Independent Non-Executive Director, bringing extensive asset management experience, and the retirement of Dennis Mutton, who has significantly contributed to the company’s governance over the past nine years.
The most recent analyst rating on (AU:RIV) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Duxton Water Ltd. stock, see the AU:RIV Stock Forecast page.
More about Duxton Water Ltd.
Rivco Australia Limited provides investors with a direct and pure exposure to Australian water markets. Rivco’s primary business activity is to build a diversified portfolio of water entitlements, and through active management, generate a return by offering a range of water supply products to Australian water users.
Average Trading Volume: 112,231
Technical Sentiment Signal: Buy
Current Market Cap: A$230.6M
For an in-depth examination of RIV stock, go to TipRanks’ Overview page.