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Sims Director Russell Rinn Increases Shareholding Through On-Market Trade

Story Highlights
  • Sims Limited director Russell Rinn expanded his direct holding by acquiring 4,615 ordinary shares on market.
  • The disclosed trade, completed outside any closed period, raises Rinn’s stake to 7,515 shares and reflects regulatory compliance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sims Director Russell Rinn Increases Shareholding Through On-Market Trade

Meet Samuel – Your Personal Investing Prophet

Sims ( (AU:SGM) ) has issued an announcement.

Sims Limited has disclosed a change in the shareholding of director Russell Rinn, who increased his direct holding in the company through an on-market purchase. The transaction involved acquiring 4,615 ordinary shares for a total consideration of $87,460.25, lifting his stake from 2,900 to 7,515 shares.

The company confirmed that the trade did not occur during a closed period that would have required prior written clearance under its trading policy. This routine disclosure underscores ongoing director alignment with shareholder interests and compliance with ASX requirements on timely notification of changes in directors’ interests.

The most recent analyst rating on (AU:SGM) stock is a Hold with a A$18.00 price target. To see the full list of analyst forecasts on Sims stock, see the AU:SGM Stock Forecast page.

More about Sims

Sims Limited is a publicly listed company that appears to operate in a sector where directors hold and trade ordinary shares as part of their equity participation. The company is subject to Australian Securities Exchange disclosure rules, indicating it is an ASX-listed entity governed by relevant corporate and securities regulations in Australia.

Average Trading Volume: 1,048,925

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$3.55B

For detailed information about SGM stock, go to TipRanks’ Stock Analysis page.

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