tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

SEEK Director Restructures Indirect Shareholdings Without Changing Overall Exposure

Story Highlights
  • SEEK director Michael Wachtel has reported a change in his relevant interests in the company’s shares to the ASX.
  • The transaction reflects an internal transfer of 6,000 SEEK shares between entities associated with Wachtel, with no net change in his overall exposure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SEEK Director Restructures Indirect Shareholdings Without Changing Overall Exposure

Claim 50% Off TipRanks Premium

Seek Limited ( (AU:SEK) ) just unveiled an announcement.

SEEK Limited has notified the ASX of a change in director Michael Wachtel’s relevant interests in the company’s securities, as required under listing rules. The filing details an internal restructuring of his indirect shareholdings, involving the disposal of 6,000 ordinary shares held via Citiwing Pty Ltd as trustee for The Katabi Trust and the corresponding acquisition of 6,000 ordinary shares by Fresnaye Nominees Pty Ltd as trustee for the Fresnaye Superannuation Fund, indicating a reallocation of his interests rather than a net change in his overall exposure to SEEK.

The most recent analyst rating on (AU:SEK) stock is a Buy with a A$31.65 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

More about Seek Limited

SEEK Limited is an Australian-listed company operating in the online employment and recruitment sector, providing digital job marketplaces and related employment services to jobseekers and hirers across various markets. The company’s platforms connect employers with candidates and play a significant role in the broader labour market and talent-matching ecosystem in Australia and internationally.

Average Trading Volume: 832,249

Technical Sentiment Signal: Sell

Current Market Cap: A$8.28B

Find detailed analytics on SEK stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1