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State Gas Ltd. ( (AU:GAS) ) has provided an update.
State Gas Limited has disclosed a change in director Gregory Baynton’s relevant interests, following his participation in a shareholder-approved issue of convertible notes and associated options. Through Allegro Capital Nominees Pty Ltd, an entity of which he is a director, shareholder and beneficiary, Baynton acquired three convertible notes and 1,250,001 convertible note options for a total consideration of $75,000, while his existing ordinary shareholdings across various associated entities remain unchanged, underscoring his continued financial exposure to and alignment with the company’s capital structure.
The most recent analyst rating on (AU:GAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on State Gas Ltd. stock, see the AU:GAS Stock Forecast page.
More about State Gas Ltd.
State Gas Limited is an Australian-listed energy company focused on the exploration and development of gas resources, positioning itself within the upstream oil and gas sector to supply domestic energy markets.
Average Trading Volume: 779,184
Technical Sentiment Signal: Sell
Current Market Cap: A$10.61M
See more insights into GAS stock on TipRanks’ Stock Analysis page.