Austal Limited’s Director Sells 1 Million Shares

Austal Limited (AU:ASB) has released an update.

Austal Limited has announced a change in the shareholdings of its director, John Rothwell, who has sold 1 million ordinary shares for approximately $2.93 million. This transaction is part of an off-market sale to a foreign national, requiring approval from the Foreign Investment Review Board. The sale, once approved, will leave Rothwell with 31,761,692 shares in the company.

For further insights into AU:ASB stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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