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Close the Loop Reports Lapse of 3.45 Million Performance Rights

Story Highlights
  • Close the Loop confirmed 3.45 million performance rights lapsed after conditions went unsatisfied.
  • The lapse reduces potential equity dilution and signals unachieved performance hurdles for incentives.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Close the Loop Reports Lapse of 3.45 Million Performance Rights

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The latest announcement is out from Close the Loop Ltd. ( (AU:CLG) ).

Close the Loop Ltd. has announced the lapse of 3,450,000 performance rights (ASX code CLGAC) after the conditions attached to those rights were not, or could no longer be, satisfied as of 22 December 2025. The cessation of these conditional securities, disclosed in an Appendix 3H to the ASX, effectively reduces the company’s pool of potential equity-based remuneration or incentive securities, which may have implications for dilution expectations and indicates that certain performance hurdles or milestones tied to these rights were not achieved.

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.

Average Trading Volume: 308,082

Technical Sentiment Signal: Sell

Current Market Cap: A$19.68M

See more data about CLG stock on TipRanks’ Stock Analysis page.

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