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Genesis Minerals Announces Director’s Change in Securities Interest

Story Highlights
  • Genesis Minerals announces a change in director Michael Wilkes’ securities interest.
  • Wilkes’ resignation leads to share rights lapse and increase in ordinary shares held.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Genesis Minerals Announces Director’s Change in Securities Interest

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Genesis Minerals Limited ( (AU:GMD) ) has shared an announcement.

Genesis Minerals Limited has announced a change in the interest of its director, Michael Wilkes, in the company’s securities. The change involves a pro rata vesting and exercise of FY25 Share Rights, resulting in an increase in the number of fully paid ordinary shares held by Eligius Holdings Pty Ltd, a company associated with Mr. Wilkes. This adjustment follows Mr. Wilkes’ resignation as a director, which led to the lapse of some share rights due to unmet vesting conditions.

The most recent analyst rating on (AU:GMD) stock is a Hold with a A$4.40 price target. To see the full list of analyst forecasts on Genesis Minerals Limited stock, see the AU:GMD Stock Forecast page.

More about Genesis Minerals Limited

Average Trading Volume: 5,315,856

Technical Sentiment Signal: Buy

Current Market Cap: A$4.99B

Learn more about GMD stock on TipRanks’ Stock Analysis page.

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