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An update from X2M Connect Limited ( (AU:X2M) ) is now available.
X2M Connect Limited has disclosed a change in the shareholding of director John Stewart, who has increased his direct holding in the company through an allotment of ordinary fully paid shares. Stewart acquired 833,333 new shares at $0.006 each, lifting his direct stake from 717,479 to 1,550,812 ordinary shares, while his existing options positions remain unchanged.
The transaction indicates further alignment of the director’s interests with those of shareholders at a time when the company is trading at a relatively low price point. The unchanged option holdings, with expiries extending to 2030, underscore a continuing long-term incentive structure that ties a significant portion of Stewart’s potential upside to X2M Connect’s future share price performance.
More about X2M Connect Limited
X2M Connect Limited is an Australian-listed technology company that develops and supplies smart utility solutions, including remote monitoring and control systems for water, gas and other essential infrastructure. Its platforms enable utilities and local governments to manage assets more efficiently and improve service delivery to end users.
Average Trading Volume: 150,000
Technical Sentiment Signal: Sell
Current Market Cap: A$5.53M
See more data about X2M stock on TipRanks’ Stock Analysis page.