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1414 Degrees Director Kevin Moriarty Sees 1.8 Million Performance Rights Lapse

Story Highlights
  • Director Kevin Moriarty has reported a change in his interests in 1414 Degrees securities.
  • His 1.8 million performance rights have lapsed with no change to his direct or indirect shareholdings.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
1414 Degrees Director Kevin Moriarty Sees 1.8 Million Performance Rights Lapse

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1414 Degrees Ltd. ( (AU:14D) ) has shared an announcement.

1414 Degrees Limited has reported a change in director Kevin Moriarty’s interests in the company’s securities, as required under ASX listing rules. Moriarty, who holds shares both directly and indirectly through Focem Pty Ltd as trustee for the Towarnie Super Fund, has had 1,800,000 performance rights lapse, leaving his holdings unchanged in terms of fully paid ordinary shares but with no remaining performance rights. The transaction, classified as a lapse rather than a sale or issue, indicates no cash consideration and does not alter his direct or indirect shareholding, suggesting limited immediate impact on the company’s capital structure but a reduction in Moriarty’s potential future equity-based incentives.

The most recent analyst rating on (AU:14D) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on 1414 Degrees Ltd. stock, see the AU:14D Stock Forecast page.

More about 1414 Degrees Ltd.

1414 Degrees Limited is an Australian-listed company; however, this notice does not provide details about its industry, products, services or market focus.

Average Trading Volume: 1,618,172

Technical Sentiment Signal: Sell

Current Market Cap: A$11.53M

Learn more about 14D stock on TipRanks’ Stock Analysis page.

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