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Magontec Limited Updates Director’s Interest Notice

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The latest announcement is out from Magontec Limited ( (AU:MGL) ).

Magontec Limited has announced a change in the director’s interest notice concerning Nicholas William Andrews. The change involves the cancellation of 774,074 unlisted performance rights held directly by Andrews due to the lapse of conditional rights, as the conditions were not met. This adjustment does not affect the number of listed ordinary shares held indirectly by Dewberri Pty Ltd, which remains at 1,800,890. The announcement reflects a routine update in the director’s interest, with no immediate impact on the company’s operations or market positioning.

More about Magontec Limited

YTD Price Performance: 10.81%

Average Trading Volume: 8,558

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$11.68M

Learn more about MGL stock on TipRanks’ Stock Analysis page.

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