Rivco Director Increases Stake Through Dividend Reinvestment Plan

Duxton Water Ltd. ( (AU:RIV) ) has provided an update.

Rivco Australia has disclosed a change in director Stephen Duerden’s interests, following the issue of additional fully paid ordinary shares under the company’s dividend reinvestment plan. Duerden acquired 1,524 shares directly and 1,714 shares indirectly via the Duerden Family account, increasing his combined direct and indirect equity position while leaving his bonus option holdings unchanged.

The on-market changes, funded at $1.46 per share, modestly deepen Duerden’s alignment with shareholders through a larger stake in the company’s ordinary equity. The disclosure, made under ASX rules, reinforces transparency around board-level ownership and signals continuing board participation in capital management initiatives such as the dividend reinvestment plan.

The most recent analyst rating on (AU:RIV) stock is a Buy with a A$1.65 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, associated in announcements with Duxton Water structures, is an Australian-listed investment entity. Its activities involve issuing fully paid ordinary shares and bonus options, with directors and related parties often holding stakes both directly and through investment and family vehicles.

Average Trading Volume: 93,786

Technical Sentiment Signal: Buy

Current Market Cap: A$225.9M

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