Suncorp Group Announces Director’s Change in Securities Interest

An announcement from Suncorp Group ( (AU:SUN) ) is now available.

Suncorp Group Limited has announced a change in the interests of its director, Christine Frances McLoughlin, in the company’s securities. The change reflects a share consolidation, where the holding was adjusted to a ratio of 0.8511 ordinary shares for every 1 ordinary share held. This adjustment has resulted in a decrease in the number of ordinary shares held by Ms. McLoughlin, although the number of capital notes remains unchanged. This consolidation is part of Suncorp’s ongoing efforts to manage its capital structure effectively, which could have implications for shareholder value and market perception.

More about Suncorp Group

Suncorp Group Limited operates in the financial services industry, offering a range of products including banking, insurance, and wealth management services. The company primarily focuses on the Australian and New Zealand markets, providing solutions for both personal and business customers.

YTD Price Performance: 26.52%

Average Trading Volume: 5,337

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $13.69B

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