Argo directors boost holdings through dividend reinvestment plan

Three directors of Argo Investments Limited, an ASX top 100 company, increased their holdings through the company's dividend reinvestment plan (DRP) as of September 12, 2025. Lianne Margaret Buck acquired 340 fully paid ordinary shares, increasing her total to 16,351 shares. Christopher Edgar Cuffe acquired 331 shares, bringing his total indirect holding to 15,929 shares. Melissa Kate Holzberger added 118 shares, with her indirect holding now totalling 5,690 shares. All acquisitions were priced at $9.42 per share.

The share acquisitions occurred as Argo Investments reported an estimated pre-tax net tangible asset (NTA) backing of $10.66 per share as of September 12, 2025, a slight decrease from $10.72 on September 5, 2025. The company's share price closed at $9.27 on September 12, 2025, compared to $9.50 on September 5, 2025.

Argo Investments, founded in 1946, manages over $8 billion on behalf of approximately 90,000 shareholders. It emphasizes a low-cost, internally managed, diversified investment approach with fully-franked dividends, an experienced board and management, a strong balance sheet with no debt, and a long-term investment strategy.