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Deep Yellow Issues New Performance Rights and Shares Under Awards Plan

Story Highlights
  • Deep Yellow issued over 1.6 million new performance rights under its Awards Plan.
  • The company also converted 157,217 performance rights into fully paid ordinary shares, modestly expanding equity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Deep Yellow Issues New Performance Rights and Shares Under Awards Plan

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An announcement from Deep Yellow Limited ( (AU:DYL) ) is now available.

Deep Yellow Limited has issued 1,671,304 performance rights under its Awards Plan and converted a further 157,217 performance rights into fully paid ordinary shares. The move modestly expands the company’s equity base and reflects the ongoing use of equity-based incentives to align management and employee interests with those of shareholders.

The most recent analyst rating on (AU:DYL) stock is a Hold with a A$1.85 price target. To see the full list of analyst forecasts on Deep Yellow Limited stock, see the AU:DYL Stock Forecast page.

More about Deep Yellow Limited

Average Trading Volume: 5,920,496

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.75B

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

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