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Scentre Group ( (AU:SCG) ) has issued an update.
Scentre Group has announced that director Michael Francis Ihlein ceased to be a director of the company effective 22 April 2026, marking the end of his tenure on the board. The final director’s interest notice lodged with the ASX shows Ihlein holds no securities directly, but he has an indirect interest in 48,048 ordinary Scentre Group securities through Krol Pty Limited as trustee for the Ihlein Family Super Fund, and no interests in any related contracts were disclosed.
The cessation of Ihlein’s directorship triggers standard disclosure requirements under ASX rules, ensuring transparency around his residual financial exposure to the group. For stakeholders, this filing primarily serves as a governance update and confirms that Ihlein’s remaining connection to Scentre Group is limited to his indirect security holding, with no ongoing contractual interests noted.
The most recent analyst rating on (AU:SCG) stock is a Buy with a A$4.41 price target. To see the full list of analyst forecasts on Scentre Group stock, see the AU:SCG Stock Forecast page.
More about Scentre Group
Scentre Group is a retail property company that owns and operates shopping centre assets in Australia and New Zealand under the Westfield brand. The group is structured as Scentre Group Limited and several associated trusts, reflecting its focus on managing and developing large-scale retail real estate portfolios for investors and tenants in these markets.
Average Trading Volume: 12,319,197
Technical Sentiment Signal: Hold
Current Market Cap: A$18.57B
See more insights into SCG stock on TipRanks’ Stock Analysis page.