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Immutep Ltd Director Increases Shareholding Through Performance Rights Conversion

Story Highlights
  • Immutep Ltd is a biotech firm focusing on immunotherapy for cancer and autoimmune diseases.
  • Director Dr. Frederic Triebel exchanged 1.8 million performance rights for shares, indicating confidence in the company.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Immutep Ltd Director Increases Shareholding Through Performance Rights Conversion

Immutep Ltd ( (AU:IMM) ) has issued an announcement.

Immutep Ltd announced a change in the interest of its director, Dr. Frederic Triebel, involving the exchange of 1,800,000 performance rights for fully paid ordinary shares. This change, which was executed without any cash consideration, reflects the vesting and exercising of performance rights approved at the 2021 AGM, increasing Dr. Triebel’s holdings in the company and potentially signaling confidence in the company’s strategic direction.

More about Immutep Ltd

Immutep Ltd is a biotechnology company focused on developing immunotherapy treatments for cancer and autoimmune diseases. The company is known for its work on LAG-3 related products, which are designed to harness the body’s immune system to fight disease.

YTD Price Performance: -9.09%

Average Trading Volume: 5,000

Technical Sentiment Signal: Strong Buy

Current Market Cap: $224M

For an in-depth examination of IMM stock, go to TipRanks’ Stock Analysis page.

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