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Third Age Health Director Trims Stake in Pre-Planned Share Sales

Story Highlights
  • Director Bevan Walsh slightly reduced his direct shareholding in Third Age Health through small on-market sales.
  • Sales were executed under a pre-approved trading plan during a closed period, leaving Walsh with substantial remaining exposure.
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The latest update is out from Third Age Health Services Limited ( (NZ:TAH) ).

Third Age Health Services director Bevan John Walsh has reduced his direct holding of ordinary shares in the company, according to an ongoing disclosure notice filed with the NZX. Walsh’s directly held stake fell from 2,530,962 to 2,527,308 shares following a series of on-market sales.

The transactions, totalling 3,654 shares sold at NZ$5.05 each between 23 and 30 April, were executed under a pre-approved fixed trading plan during a closed period. Walsh also retains a beneficial interest in an additional 149,317 shares held under a share transfer agreement, meaning his overall economic exposure to Third Age Health remains significant despite the small reduction in his direct holding.

More about Third Age Health Services Limited

Third Age Health Services Limited is a New Zealand-listed healthcare provider focused on delivering medical services to older adults. The company operates in the aged-care and primary healthcare sector, supplying clinical services to residential care facilities and community-based elderly patients across its market.

Average Trading Volume: 703

Technical Sentiment Signal: Strong Buy

Current Market Cap: N$49.77M

For detailed information about TAH stock, go to TipRanks’ Stock Analysis page.

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