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Finder Energy Holdings Limited ( (AU:FDR) ) has provided an update.
Finder Energy Holdings Limited has confirmed that vesting conditions have been met for 1,208,333 performance rights issued under its shareholder-approved Employee Equity Incentive Plan in January 2023. The vesting was triggered after the company’s 30-day volume weighted average share price at the end of the December quarter exceeded 35 cents, the highest of three price hurdles, and each vested right can now be converted into one fully paid ordinary share any time up to 8 January 2028, potentially increasing the company’s share count and aligning employee incentives with shareholder value.
The most recent analyst rating on (AU:FDR) stock is a Hold with a A$0.42 price target. To see the full list of analyst forecasts on Finder Energy Holdings Limited stock, see the AU:FDR Stock Forecast page.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited is an Australian company listed on the ASX under the ticker FDR, operating in the energy sector and headquartered in South Perth, Western Australia.
Average Trading Volume: 1,160,006
Technical Sentiment Signal: Buy
Current Market Cap: A$170.3M
For detailed information about FDR stock, go to TipRanks’ Stock Analysis page.