Symal director Joseph Bartolo increases indirect shareholding via on-market purchase

The latest announcement is out from Symal Group Limited ( (AU:SYL) ).

Symal Group Limited has disclosed a change in director Joseph Bartolo’s relevant interests, detailing an increase in his indirect shareholding through associated entities. The notification outlines that Barco Property & Investment Pty Ltd acquired 20,000 ordinary shares on-market at an average price of $2.4999 per share, lifting its holding to 102,000 shares.

Following the transaction, Bartolo’s overall indirect interests span multiple family and investment entities, including substantial stakes via Bartolo Family Investments and Barco 360 Pty Ltd, as well as superannuation and family holdings. The update, made under ASX listing rules, provides shareholders with transparency on director alignment and reinforces ongoing disclosure of insider equity positions within the company.

The most recent analyst rating on (AU:SYL) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Symal Group Limited stock, see the AU:SYL Stock Forecast page.

More about Symal Group Limited

Symal Group Limited is an Australian listed company. It operates in the construction and infrastructure sector, with its securities traded on the ASX, and its shareholder base includes entities associated with director Joseph Bartolo, reflecting a concentrated ownership structure through various family and investment vehicles.

Average Trading Volume: 315,356

Technical Sentiment Signal: Buy

Current Market Cap: A$602.6M

See more insights into SYL stock on TipRanks’ Stock Analysis page.