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Forrestania Resources Limited ( (AU:FRS) ) has provided an announcement.
Forrestania Resources Limited has disclosed a change in the indirect equity interests of director Daniel Raihani via his associated entity, 7 Enterprises Pty Ltd. Raihani’s indirect holding has increased to 33,450,000 ordinary fully paid shares and 10,900,000 performance rights following the vesting of certain performance rights tranches previously approved by shareholders. The transaction involved the conversion of 1,975,000 performance rights into an equivalent number of ordinary shares at nil consideration, reflecting the satisfaction of vesting conditions and signalling continued alignment of the director’s remuneration and incentives with shareholder value.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
More about Forrestania Resources Limited
Average Trading Volume: 1,492,642
Technical Sentiment Signal: Buy
Current Market Cap: A$225.8M
See more insights into FRS stock on TipRanks’ Stock Analysis page.