1st Group Ltd. (AU:VFX) has released an update.
Geoff Neate, a director of Visionflex Group Ltd, has significantly increased his indirect stake in the company. Through participation in an entitlement offer and sub-underwriting, Neate’s interests now include over 10 million ordinary shares and around 2.5 million options, acquired at a cost of $0.005 per share. This strategic move indicates a bolstered investment by Neate in the company’s future.
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