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Seven West Media Details Vesting of Director Share Rights and Increase in Equity Holding

Story Highlights
  • Seven West Media director Michael Ziegelaar has increased his direct equity stake through the vesting of NED share rights into fully paid ordinary shares.
  • The conversion of restricted to unrestricted ordinary shares strengthens alignment between the director’s interests, shareholder value and the company’s incentive-based governance structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Seven West Media Details Vesting of Director Share Rights and Increase in Equity Holding

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Seven West Media Limited ( (AU:SWM) ) has issued an update.

Seven West Media has disclosed a change in director Michael Ziegelaar’s holdings, with the vesting of non-executive director (NED) share rights into fully paid ordinary shares under the company’s NED Share Plan. Following the vesting and the conversion of restricted shares to unrestricted ordinary shares, Ziegelaar’s direct holding in Seven West Media increased, aligning his equity position more closely with shareholders and reinforcing the company’s governance framework around director remuneration and incentives.

The most recent analyst rating on (AU:SWM) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Seven West Media Limited stock, see the AU:SWM Stock Forecast page.

More about Seven West Media Limited

Seven West Media Limited is an Australian media company operating across broadcast television, print and digital platforms. It is best known for the Seven Network and associated media assets, serving national audiences and advertisers with news, entertainment and sports content in a highly competitive media and advertising market.

Average Trading Volume: 1,285,661

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$192.4M

See more insights into SWM stock on TipRanks’ Stock Analysis page.

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