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Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh ( (AU:CRN) ) has provided an announcement.
Coronado Global Resources Inc., an ASX-listed coal producer, reported changes to its capital structure involving its performance-based securities. The company uses performance stock units as part of its remuneration and incentive framework, linking executive and employee rewards to specified performance conditions.
The company announced the lapse of a total of 2,838,203 performance stock units after the relevant performance conditions were not satisfied or became incapable of being met. This reduction in potential equity issuance slightly trims Coronado’s future share overhang and may influence perceptions of its incentive alignment and dilution profile among investors.
The most recent analyst rating on (AU:CRN) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh stock, see the AU:CRN Stock Forecast page.
More about Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
Coronado Global Resources Inc. is a coal producer listed on the ASX, operating in the resources and mining sector. The company’s securities include performance stock units that form part of its equity-based compensation and capital structure, and changes to these instruments can affect its reported issued capital and incentive arrangements.
Average Trading Volume: 5,901,498
Technical Sentiment Signal: Sell
Current Market Cap: A$519.7M
For detailed information about CRN stock, go to TipRanks’ Stock Analysis page.