Somnomed Director Increases Share Holdings

Somnomed Limited (AU:SOM) has released an update.

Somnomed Limited has reported a change in the director Karen Borg’s interests, indicating an on-market acquisition of 12,238 ordinary shares at approximately $0.44 per share. Following the transaction, Borg now holds a total of 514,022 ordinary shares, along with her previous holdings of 185,000 options and 1,325,000 zero exercise price options. The change, detailed in an Appendix 3Y filing, reflects adjustments in director stakeholdings that can signal confidence or shifting strategies within the company.

For further insights into AU:SOM stock, check out TipRanks’ Stock Analysis page.