Smartgroup Director Increases Shareholding

An update from Smartgroup Corporation Ltd ( (AU:SIQ) ) is now available.

Smartgroup Corporation Ltd announced a change in the director’s interest, specifically involving John Prendiville. The change includes the acquisition of 25,000 shares by HSBC Custody Nominees (Australia) Limited, acting as custodian for JPGP Holdings Pty Ltd, increasing the total shares held to 770,000. This acquisition, valued at $173,750, was conducted through an on-market purchase, reflecting a strategic move to enhance the director’s stake in the company.

More about Smartgroup Corporation Ltd

Smartgroup Corporation Ltd operates in the financial services industry, focusing on providing salary packaging, fleet management, and other employee management services. The company serves a diverse range of clients across various sectors, emphasizing efficient and cost-effective solutions.

YTD Price Performance: -4.30%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $592.3M

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