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FirstWave Grants 20 Million Share Appreciation Rights to Director David Garnier

Story Highlights
  • FirstWave Cloud Technology has issued Director David Garnier 20 million Share Appreciation Rights for nil consideration.
  • The new rights, approved at the November 2025 AGM, increase Garnier’s equity-linked incentives without changing his ordinary shareholding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
FirstWave Grants 20 Million Share Appreciation Rights to Director David Garnier

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FirstWave Cloud Technology ( (AU:FCT) ) has shared an announcement.

FirstWave Cloud Technology has announced a change in director David Guy Garnier’s interests, with the issue of 20 million Share Appreciation Rights to him (via his associated entity New Insights Australia Pty Ltd) for nil consideration. The rights were granted following shareholder approval at the company’s annual general meeting on 28 November 2025, increasing Garnier’s exposure to the company’s equity and aligning his incentives more closely with shareholder value, while leaving his existing fully paid ordinary shareholding unchanged.

The most recent analyst rating on (AU:FCT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FirstWave Cloud Technology stock, see the AU:FCT Stock Forecast page.

More about FirstWave Cloud Technology

FirstWave Cloud Technology Limited is an Australia-listed company that provides cloud-based technology solutions, with its securities traded on the ASX. The company operates within the technology sector, offering digital and cloud-focused services to its shareholder base and broader market participants.

Average Trading Volume: 3,282,017

Technical Sentiment Signal: Sell

Current Market Cap: A$12.73M

For a thorough assessment of FCT stock, go to TipRanks’ Stock Analysis page.

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