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BlueBet Holdings Ltd. ( (AU:BBT) ) just unveiled an update.
Betr Entertainment Limited has notified the ASX that 146,250 BBTAB performance share rights have lapsed as the conditions attached to those rights were not, or could no longer be, satisfied. The cessation of these securities slightly reduces the company’s pool of potential equity-based incentives, signalling that certain performance or vesting hurdles were not met, which may impact the structure of future employee or executive remuneration and dilute expectations of potential share issuance for existing shareholders.
The most recent analyst rating on (AU:BBT) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
More about BlueBet Holdings Ltd.
Betr Entertainment Limited, listed on the ASX under the code BBT, operates in the entertainment and wagering sector, offering betting and gaming-related services to customers in Australia. The company’s listed securities include performance share rights that form part of its capital and incentive structure for stakeholders.
Average Trading Volume: 344,629
Technical Sentiment Signal: Sell
Current Market Cap: A$213.7M
For detailed information about BBT stock, go to TipRanks’ Stock Analysis page.