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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an update.
Forrestania Resources Limited has reported a change in the equity interests of Director Adam Turnbull, reflecting the vesting of previously granted performance-based securities into ordinary shares. The company disclosed that 1,975,000 performance rights from Tranche 2 and Tranche 7, which had shareholder-approved vesting conditions, have converted into an equal number of fully paid ordinary shares at no cash consideration, increasing Turnbull’s direct shareholding to 32,781,763 shares while reducing his performance rights to 10,900,000. This internal equity adjustment signals the achievement of key milestones tied to executive incentives and modestly strengthens director alignment with shareholders through a higher direct ownership stake.
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: 1,498,847
Technical Sentiment Signal: Buy
Current Market Cap: A$219.8M
For an in-depth examination of FRS stock, go to TipRanks’ Overview page.