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IGO Director Ivan Vella Converts Vested Service Rights Into Ordinary Shares

Story Highlights
  • IGO director Ivan Vella has updated his direct interest, converting vested service rights into ordinary shares.
  • The transaction reflects routine equity-based remuneration adjustments, with other rights remaining subject to existing conditions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
IGO Director Ivan Vella Converts Vested Service Rights Into Ordinary Shares

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IGO ( (AU:IGO) ) just unveiled an announcement.

IGO Limited has disclosed a change in the securities held by director Ivan Vella, detailing movements in his direct interests in the company’s ordinary shares and related rights. Vella converted 127,691 vested service rights into an equivalent number of fully paid ordinary shares, with his performance rights and unvested service rights remaining subject to existing performance and service conditions, signaling a routine adjustment in equity-based remuneration rather than a change in overall executive incentives.

The most recent analyst rating on (AU:IGO) stock is a Hold with a A$7.20 price target. To see the full list of analyst forecasts on IGO stock, see the AU:IGO Stock Forecast page.

More about IGO

Average Trading Volume: 4,182,814

Technical Sentiment Signal: Buy

Current Market Cap: A$6.09B

For detailed information about IGO stock, go to TipRanks’ Stock Analysis page.

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