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An announcement from EchoIQ Limited ( (AU:EIQ) ) is now available.
EchoIQ Limited has reported a change in director Steve Formica’s indirect interests in the company’s securities, reflecting internal equity adjustments rather than a market transaction. The change arose from the vesting and subsequent exercise of Class D performance rights, triggered when the company’s 20-day volume-weighted average share price met a specified performance hurdle of at least $0.35, resulting in the issue of 625,000 fully paid ordinary shares and a corresponding reduction in performance rights, and aligning the director’s incentives more closely with shareholder value.
The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.62 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
More about EchoIQ Limited
Average Trading Volume: 2,031,840
Technical Sentiment Signal: Buy
Current Market Cap: A$326.9M
For detailed information about EIQ stock, go to TipRanks’ Stock Analysis page.