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Frontier Energy Director Updates Interests After Lapse of Incentive Options

Story Highlights
  • Frontier Energy director Grant Davey reported lapsing of a significant tranche of unquoted options.
  • Davey’s large shareholding is unchanged, while fewer incentive options slightly trim potential future dilution.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Frontier Energy Director Updates Interests After Lapse of Incentive Options

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The latest update is out from Frontier Energy Limited ( (AU:FHE) ).

Frontier Energy Limited has disclosed a change in director Grant Davey’s interests, confirming that his substantial shareholding in the company remains unchanged while certain incentive options have lapsed. The director disposed of 2,747,425 unquoted options after performance or vesting conditions were not met or became incapable of being satisfied, leaving him with 68,552,220 fully paid ordinary shares and a reduced pool of KPI and attaching options, a routine governance update that may marginally reduce potential future equity dilution but does not alter current control or capital structure.

The most recent analyst rating on (AU:FHE) stock is a Sell with a A$0.22 price target. To see the full list of analyst forecasts on Frontier Energy Limited stock, see the AU:FHE Stock Forecast page.

More about Frontier Energy Limited

Average Trading Volume: 196,647

Technical Sentiment Signal: Sell

Current Market Cap: A$126.6M

For an in-depth examination of FHE stock, go to TipRanks’ Overview page.

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