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An announcement from Bisalloy Steel Group Ltd ( (AU:BIS) ) is now available.
Bisalloy Steel Group Ltd announced a change in the director’s interest, specifically involving Rowan Melrose. The change involved the vesting of 120,296 performance share rights from FY23, which were satisfied half in cash and half in shares. This adjustment resulted in Melrose acquiring 60,148 ordinary shares while disposing of an equivalent number of performance share rights. The transaction reflects the company’s long-term incentive plan (LTIP) rules, potentially impacting the company’s stock distribution and director’s equity stake.
The most recent analyst rating on (AU:BIS) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Bisalloy Steel Group Ltd stock, see the AU:BIS Stock Forecast page.
More about Bisalloy Steel Group Ltd
Bisalloy Steel Group Ltd operates in the steel industry, focusing on the production of high-strength, wear-resistant steel products. The company serves various markets, including defense, mining, and construction, providing specialized steel solutions tailored to the needs of these sectors.
Average Trading Volume: 99,031
Technical Sentiment Signal: Buy
Current Market Cap: A$260.6M
See more data about BIS stock on TipRanks’ Stock Analysis page.