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Credit Clear Director Increases Indirect Shareholding Through Incentive Rights Conversion

Story Highlights
  • Credit Clear director Andrew Smith has increased his indirect shareholding after converting vested incentive share rights into ordinary shares.
  • The change reflects shareholder-approved FY24 and FY25 incentive plans that strengthen alignment between director remuneration and investor interests through equity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Credit Clear Director Increases Indirect Shareholding Through Incentive Rights Conversion

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The latest announcement is out from Credit Clear Limited ( (AU:CCR) ).

Credit Clear Limited has disclosed a change in director Andrew Smith’s interests in the company’s securities, following the conversion of previously granted share rights into ordinary shares. Smith’s indirect holding increased by 568,702 ordinary shares to 19,190,611 shares after vested share rights under the company’s FY24 long-term incentive and FY25 short-term incentive plans were converted into equity at no cash consideration, reflecting the execution of shareholder-approved remuneration structures that further align the director’s interests with those of investors.

The most recent analyst rating on (AU:CCR) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on Credit Clear Limited stock, see the AU:CCR Stock Forecast page.

More about Credit Clear Limited

Credit Clear Limited is an Australian-listed company operating in the financial services and technology sector. It focuses on receivables management and digital payments solutions, helping businesses engage with customers to manage and recover outstanding debts more efficiently.

Average Trading Volume: 560,090

Technical Sentiment Signal: Hold

Current Market Cap: A$125.1M

For an in-depth examination of CCR stock, go to TipRanks’ Overview page.

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