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Accent Group Ltd ( (AU:AX1) ) just unveiled an update.
Accent Group Limited has received a waiver from the ASX to modify the performance conditions of its Tranche 8 performance rights, excluding those held by its CEO. The company plans to seek shareholder approval for this change at its 2025 Annual General Meeting. This decision comes as a response to challenges posed by the post-COVID economic environment, which have impacted the company’s earnings and made previous performance targets unrealistic. The proposed changes aim to better align performance incentives with current economic conditions and ensure employee retention.
The most recent analyst rating on (AU:AX1) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.
More about Accent Group Ltd
Accent Group Limited operates in the retail industry, primarily focusing on footwear and apparel. The company is known for its extensive range of branded products and has a significant market presence in Australia and New Zealand.
Average Trading Volume: 2,077,273
Technical Sentiment Signal: Sell
Current Market Cap: A$814.3M
See more insights into AX1 stock on TipRanks’ Stock Analysis page.