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The latest announcement is out from Solution Dynamics Limited ( (NZ:SDL) ).
Solution Dynamics director John Stephen McMahon has disclosed a substantial holding in the company following an off-market related-party share transfer. McMahon now has a direct interest in 1,600,658 ordinary shares, representing 11.08% of Solution Dynamics’ 14,449,525 shares on issue.
The holding arose from the transfer of the shares from Meta Capital Limited, which is wholly owned and directed by McMahon, at a price of $0.55 per share. The disclosure formalises McMahon’s position as a significant shareholder-director, underscoring concentrated ownership and aligning board and shareholder interests in the company.
More about Solution Dynamics Limited
Solution Dynamics Limited is a New Zealand-listed company, with its ordinary shares traded on the NZX. The company operates in the technology and communications sector, focusing on solutions that support customer communications and related services for corporate and institutional clients.
Average Trading Volume: 10,890
Technical Sentiment Signal: Strong Sell
Current Market Cap: N$8.31M
See more data about SDL stock on TipRanks’ Stock Analysis page.