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An announcement from Iris Metals Limited ( (AU:IR1) ) is now available.
Iris Metals Limited has announced that director Kevin Smith ceased to be a director on 22 March 2026, and has lodged a final director’s interest notice detailing his remaining holdings in the company. Smith retains 1.5 million ordinary shares directly and a series of performance rights, along with an indirect interest in additional ordinary shares held through Sabasco Ventures LLC.
The filing clarifies that, under the terms of the performance rights, these instruments will not lapse or be forfeited if Smith ceases to be a director due to death or total permanent disability. The disclosure provides transparency on the former director’s continuing equity exposure and incentive instruments, offering investors a clear view of potential future dilution and ongoing alignment of interests despite his board departure.
The most recent analyst rating on (AU:IR1) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Iris Metals Limited stock, see the AU:IR1 Stock Forecast page.
More about Iris Metals Limited
Iris Metals Limited is an Australian-listed company, with its securities traded on the ASX. The company’s capital structure includes ordinary fully paid shares and multiple classes of performance rights issued to directors and related entities as part of its remuneration and incentive arrangements.
Average Trading Volume: 474,287
Technical Sentiment Signal: Sell
Current Market Cap: A$28.56M
Learn more about IR1 stock on TipRanks’ Stock Analysis page.