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An announcement from Forrestania Resources Limited ( (AU:FRS) ) is now available.
Forrestania Resources has disclosed a change in director Adam Turnbull’s holdings, reflecting the vesting of performance-based equity previously approved by shareholders. The company reported that 1,475,000 performance rights held by Turnbull vested and were converted into the same number of fully paid ordinary shares at no cash consideration, increasing his direct shareholding to 30,806,763 shares while reducing his performance rights balance to 12,875,000; his indirect shareholding through Premier Waterproofing Pty Ltd remains unchanged. The move underscores the operation of Forrestania’s long-term incentive structure, aligning executive remuneration with performance milestones and potentially reinforcing investor confidence in the company’s governance and incentive practices.
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: 1,440,965
Technical Sentiment Signal: Buy
Current Market Cap: A$198.7M
For detailed information about FRS stock, go to TipRanks’ Stock Analysis page.