Forrestania Director Increases Shareholding Through Vesting of Rights and Option Exercises

The latest announcement is out from Forrestania Resources Limited ( (AU:FRS) ).

Forrestania Resources Limited has disclosed changes in director David Geraghty’s interests in the company’s securities, reflecting the vesting of certain performance rights and the exercise and purchase of listed options. Following the satisfaction of vesting conditions for two tranches of performance rights previously approved by shareholders, Geraghty’s indirect holding via Mandarin Rock Pty Ltd increased by 2,375,000 fully paid ordinary shares while an equivalent number of performance rights were converted, and his spouse-controlled entity Roologic Pty Ltd both purchased and exercised options, resulting in a higher total shareholding and a reduction in outstanding options. The adjustments underscore ongoing equity-based remuneration and capital management practices that incrementally increase director alignment with the company’s long-term performance and expand the free float of ordinary shares held by insiders.

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

Forrestania Resources Limited is an Australian-listed exploration company focused on identifying and developing mineral resources, with its securities traded on the ASX. The company’s capital structure includes fully paid ordinary shares, performance rights and listed options, which are commonly used to align director and executive incentives with shareholder interests.

Average Trading Volume: 1,492,642

Technical Sentiment Signal: Buy

Current Market Cap: A$225.8M

See more data about FRS stock on TipRanks’ Stock Analysis page.