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Webcentral Ltd ( (AU:5GN) ) has shared an update.
5G Networks Limited announced that its Managing Director, Joe Demase, will sell 10 million shares in the company’s on-market buyback at $0.14 per share. This decision is driven by Demase’s need to meet upcoming financial commitments, including a personal financial settlement, and aligns with the company’s policy allowing directors to participate in the buyback.
More about Webcentral Ltd
5GN is an Australian-owned digital services company that empowers over 2,500 corporate clients to grow and thrive online. The company offers a comprehensive portfolio of digital services, including cloud solutions, data networks, data centers, managed IT services, and digital marketing. 5GN operates a high-speed data network with international points of presence and provides managed cloud solutions through its data centers in major Australian cities.
Average Trading Volume: 208,202
Technical Sentiment Signal: Sell
Current Market Cap: A$42.9M
See more insights into 5GN stock on TipRanks’ Stock Analysis page.