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An update from ITech Minerals LTD ( (AU:ITM) ) is now available.
iTech Minerals has notified the ASX of a change in director Glenn Davis’s indirect interests, following the lapse of a portion of his performance rights. Through Aloren (No. 148) Pty Ltd as trustee for The Davis Family Trust, 750,000 unquoted performance rights with share price-based vesting criteria lapsed at no consideration after vesting conditions were not met, reducing his holding via Aloren to 1,250,000 performance rights while his shareholding via Jalacase Investments Pty Ltd remains unchanged at 994,567 ordinary shares. The change reflects an adjustment under the company’s performance-based incentive arrangements rather than a market transaction, signalling that specific share price hurdles were not achieved and modestly reducing Davis’s potential equity-linked participation without affecting the company’s capital structure.
The most recent analyst rating on (AU:ITM) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on ITech Minerals LTD stock, see the AU:ITM Stock Forecast page.
More about ITech Minerals LTD
iTech Minerals Ltd is an Australian-listed resources company focused on mineral exploration and development. The company operates within the mining and resources sector, with its securities traded on the ASX, and its governance subject to Australian corporate and securities regulations.
Average Trading Volume: 1,347,971
Technical Sentiment Signal: Sell
Current Market Cap: A$12.9M
Learn more about ITM stock on TipRanks’ Stock Analysis page.