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Comms Group Updates Market on Director Claire Bibby’s Expired Performance Rights

Story Highlights
  • Comms Group disclosed that director Claire Bibby had 300,000 performance rights expire after failing to meet vesting conditions.
  • After the expiry, Bibby still holds over 790,000 shares and performance rights, with no cash consideration or market trades involved.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Comms Group Updates Market on Director Claire Bibby’s Expired Performance Rights

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Comms Group Ltd. (Australia) ( (AU:CCG) ) has shared an announcement.

Comms Group Limited has reported a change in director Claire Bibby’s interests, confirming the expiry of 300,000 performance rights that did not meet vesting conditions before their expiry date. Following this change, Bibby retains 683,332 ordinary shares held directly, 108,715 ordinary shares held indirectly through her partner, and 700,000 remaining performance rights, indicating an adjustment in her incentive-based exposure without any on-market transactions or cash consideration involved.

The most recent analyst rating on (AU:CCG) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Comms Group Ltd. (Australia) stock, see the AU:CCG Stock Forecast page.

More about Comms Group Ltd. (Australia)

Comms Group Limited is an Australian telecommunications company that provides communications services and related technology solutions. The company is listed on the ASX and its securities include ordinary shares and performance rights issued to directors and key stakeholders as part of their remuneration and incentive structures.

Average Trading Volume: 275,816

Technical Sentiment Signal: Sell

Current Market Cap: A$36.07M

See more insights into CCG stock on TipRanks’ Stock Analysis page.

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