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Brightstar Resources Limited ( (AU:BTR) ) has provided an update.
Brightstar Resources Limited has notified the market of the issue of 321,428 unquoted share performance rights under the existing BTRAH class and a further 4.5 million long-term share performance rights expiring on 31 December 2029. The new equity awards, which are unquoted and not intended to be quoted on the ASX, indicate the company is expanding its performance-based remuneration or incentive structures, potentially strengthening management and employee alignment with long-term shareholder value, but also modestly increasing overall equity-based compensation in its capital structure.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
More about Brightstar Resources Limited
Brightstar Resources Limited, listed on the ASX under the code BTR, operates in the resources sector and is engaged in mining and exploration activities, with its capital structure including both quoted and unquoted equity securities such as share performance rights.
Average Trading Volume: 4,252,998
Technical Sentiment Signal: Buy
Current Market Cap: A$364.3M
Learn more about BTR stock on TipRanks’ Stock Analysis page.