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SDI Limited ( (AU:SDI) ) just unveiled an update.
SDI Limited has disclosed that its chairman, Jeffery James Cheetham, has sold 670,000 SDI shares for personal reasons via an indirect holding through a superannuation vehicle. Despite the sale, Cheetham remains the company’s largest shareholder, and entities he controls recently held 45.9% of SDI’s issued ordinary shares.
The company stressed that the transaction does not affect the board’s unanimous recommendation that shareholders vote in favour of the proposed scheme of arrangement offering A$1.40 cash per share. SDI said it will continue to update investors on material developments tied to the transaction, signalling that the broader strategic process and board-endorsed deal terms remain on track.
The most recent analyst rating on (AU:SDI) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on SDI Limited stock, see the AU:SDI Stock Forecast page.
More about SDI Limited
SDI Limited is an Australian manufacturer and global distributor of specialist dental materials, developing, producing, and marketing restorative products such as amalgams, composites, adhesives, cements, and tooth whitening systems. Founded in 1972 and listed in 1985, the company manufactures in Victoria and sells into more than 100 countries, with a focus on innovation in minimal intervention dentistry and continued investment in research and development to support better oral health outcomes worldwide.
Average Trading Volume: 118,335
Technical Sentiment Signal: Buy
Current Market Cap: A$148.6M
Learn more about SDI stock on TipRanks’ Stock Analysis page.