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Black Cat Syndicate Updates Director Shareholding After Performance Rights Vesting

Story Highlights
  • Black Cat Syndicate increased Managing Director Gareth Solly’s shareholding through vested performance rights.
  • The change modestly boosts executive-shareholder alignment via long-term incentive share issuance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Black Cat Syndicate Updates Director Shareholding After Performance Rights Vesting

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The latest announcement is out from Black Cat Syndicate Ltd. ( (AU:BC8) ).

Black Cat Syndicate Limited has announced a change in director interests following the issue of 612,833 ordinary fully paid shares to Managing Director Gareth Solly, arising from the exercise of vested performance rights. The adjustment increases Solly’s direct and indirect equity stake in the company, modestly tightening alignment between executive incentives and shareholder interests, while reflecting the ongoing vesting of long-term incentive arrangements.

The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.

More about Black Cat Syndicate Ltd.

Black Cat Syndicate Limited (ASX: BC8) is an Australian listed company operating in the minerals and resources sector, with its activities and assets managed from its head office in Perth, Western Australia.

Average Trading Volume: 5,099,805

Technical Sentiment Signal: Buy

Current Market Cap: A$1.02B

For an in-depth examination of BC8 stock, go to TipRanks’ Overview page.

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