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Netwealth Group Announces Change in Director’s Shareholding

Story Highlights
  • Netwealth Group Limited operates in financial services, offering investment solutions.
  • Director Matthew Heine’s indirect shareholding changed, affecting governance dynamics.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Netwealth Group Announces Change in Director’s Shareholding

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Netwealth Group Ltd. ( (AU:NWL) ) has shared an update.

Netwealth Group Limited announced a change in the director’s interest, specifically regarding Matthew Alexander Max Heine’s indirect interest in the company’s shares. The change involved the cessation of Heine’s relevant interest in 13,408,265 fully paid ordinary shares held by Leslie Max Heine Pty Ltd as trustee for The LMH Trust. This adjustment impacts the total number of shares Heine indirectly holds, which now stands at 103,421,775 shares. The announcement reflects internal adjustments in shareholding arrangements, which may influence the company’s governance and shareholder dynamics.

The most recent analyst rating on (AU:NWL) stock is a Buy with a A$34.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.

More about Netwealth Group Ltd.

Netwealth Group Limited operates in the financial services industry, focusing on providing investment and superannuation solutions. The company offers a range of products and services tailored to meet the needs of individual investors, financial advisers, and institutions, with a strong emphasis on technology-driven platforms.

Average Trading Volume: 510,172

Technical Sentiment Signal: Buy

Current Market Cap: A$7.56B

See more insights into NWL stock on TipRanks’ Stock Analysis page.

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