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An announcement from Seven West Media Limited ( (AU:SWM) ) is now available.
Seven West Media has disclosed a change in director Michael Malone’s interests following the vesting of his Non-Executive Director Share Rights. Malone converted 243,124 NED Share Rights into an equivalent number of fully paid ordinary shares at no cash consideration, increasing his directly held ordinary shares to 1,015,086, while maintaining 273,000 shares held indirectly through Dew Drops Pty Ltd as trustee of the Zawsze Superannuation Fund. The transaction reflects the scheduled vesting of rights under the company’s Non-Executive Director Share Plan and the transition of previously restricted shares into unrestricted ordinary shares, aligning director remuneration more closely with shareholder interests without involving any on-market trading.
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 diversified media company active across television, publishing and digital platforms. The group operates free-to-air TV networks and related content businesses, focusing on news, entertainment and sports programming for Australian audiences and advertisers.
Average Trading Volume: 1,285,661
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$192.4M
Find detailed analytics on SWM stock on TipRanks’ Stock Analysis page.