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An announcement from Schaffer Corporation Limited ( (AU:SFC) ) is now available.
Schaffer Corporation has reported an internal restructuring of director John Michael Schaffer AM’s indirect shareholdings, with 217,643 ordinary shares transferred off-market from SCE Superannuation Pty Ltd ATF SCE Superannuation Fund to Cimbrook Nominees Pty Ltd. Both entities are controlled or beneficially owned by Mr Schaffer, and the transaction, valued at about $4.09 million, leaves his total relevant interest unchanged at 3,438,923 shares, meaning there is no net change to his overall stake in the company but a reallocation among his associated entities.
More about Schaffer Corporation Limited
Schaffer Corporation Limited is an Australian listed company, though the announcement focuses on director shareholdings rather than its operating businesses. The filing relates specifically to changes in equity interests held by long-serving director John Michael Schaffer AM through associated entities.
Average Trading Volume: 2,163
Technical Sentiment Signal: Hold
Current Market Cap: A$251.8M
For a thorough assessment of SFC stock, go to TipRanks’ Stock Analysis page.