Magellan Financial Group Ltd (AU:MFG) has released an update.
Magellan Financial Group Ltd has reported a change in director Hamish McLennan’s interest, with an on-market sale of 63,948 of the company’s ordinary shares at an average price of $8.515 each. The transaction adjusted McLennan’s holding to 41,300 ordinary shares, alongside existing interests in options and units within the company’s trusts. This financial move reflects a significant shift in the director’s stake in the company, which may interest shareholders and market watchers.
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