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An update from Close the Loop Ltd. ( (AU:CLG) ) is now available.
Close the Loop Limited has disclosed a change in director Avikesh Nair’s interests, following the lapse and cancellation of 300,000 unlisted performance rights previously issued to AJKS Property Group Pty Ltd, an entity controlled by him. The rights were cancelled at nil consideration after vesting conditions were not satisfied, reducing Nair’s indirect performance rights holding via AJKS Property Group while leaving his direct shareholding and other indirect performance rights largely intact; the update reflects routine equity-based incentive adjustments rather than a cash transaction, with limited immediate implications for the company’s capital structure but signalling that certain performance hurdles under its incentive plan were not met.
The most recent analyst rating on (AU:CLG) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on Close the Loop Ltd. stock, see the AU:CLG Stock Forecast page.
More about Close the Loop Ltd.
Close the Loop Limited operates in the recycling and resource recovery sector, focusing on circular economy solutions that repurpose waste materials into new products. The company’s operations typically span collection, sorting and processing of used products and materials, targeting environmentally conscious customers and manufacturers seeking sustainable supply-chain and end-of-life management options.
Average Trading Volume: 308,082
Technical Sentiment Signal: Sell
Current Market Cap: A$19.68M
Learn more about CLG stock on TipRanks’ Stock Analysis page.