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Macmahon Holdings Director Increases Stake with Share Acquisition

Story Highlights
  • Macmahon Holdings operates in mining services, offering mining and construction solutions.
  • Director Chandran acquired 118,099 shares, indicating strategic alignment with company interests.
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Macmahon Holdings Director Increases Stake with Share Acquisition

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An update from Macmahon Holdings Limited ( (AU:MAH) ) is now available.

Macmahon Holdings Limited has reported a change in the director’s interest in securities, with Director Dharmendra Chandran acquiring 118,099 fully paid ordinary shares through the vesting of share rights under the Non-Executive Director Salary Sacrifice Plan. This change signifies a strategic reinforcement of the director’s stake in the company, aligning his interests with the company’s performance and potentially influencing the company’s governance and strategic decisions.

More about Macmahon Holdings Limited

Macmahon Holdings Limited operates in the mining services industry, offering a range of services including surface and underground mining, civil engineering, and equipment maintenance. The company primarily focuses on providing comprehensive mining and construction solutions to clients in the resources sector.

YTD Price Performance: -7.73%

Average Trading Volume: 73,250

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $439.5M

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

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