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Scalare Director Lifts Direct Stake with On-Market Share Purchase

Story Highlights
  • Director Giles Bourne increased his direct Scalare shareholding by buying 121,075 shares on market.
  • The purchase lifts his direct exposure while his large indirect holding is unchanged, signalling confidence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Scalare Director Lifts Direct Stake with On-Market Share Purchase

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Candy Club Holdings Ltd. ( (AU:SCP) ) has shared an announcement.

Scalare Partners Holdings director Giles Bourne has increased his direct holding in the company through an on-market purchase of 121,075 fully paid ordinary shares at $0.08 per share. Following the transaction, his direct interest via GBJR Super Fund Pty Limited rose to 494,075 shares, while his substantial indirect holding via Chalke Valley Pty Ltd remained unchanged at 11,479,067 shares.

The move consolidates Bourne’s overall equity exposure to Scalare Partners without altering his existing indirect position, signaling continued confidence in the company’s prospects. The purchase, disclosed under ASX listing rules, provides investors with greater visibility into board-level alignment with shareholder interests through increased personal capital at risk.

The most recent analyst rating on (AU:SCP) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Candy Club Holdings Ltd. stock, see the AU:SCP Stock Forecast page.

More about Candy Club Holdings Ltd.

Scalare Partners Holdings Limited is an Australian-listed investment company focused on holding and managing equity interests, including fully paid ordinary shares, in line with ASX regulatory requirements. The company’s governance framework includes detailed disclosure of directors’ holdings and changes in their securities interests to ensure transparency for shareholders.

Average Trading Volume: 56,075

Technical Sentiment Signal: Sell

Current Market Cap: A$10.47M

For an in-depth examination of SCP stock, go to TipRanks’ Overview page.

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