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An announcement from Kaiser Reef Ltd ( (AU:KAU) ) is now available.
Kaiser Reef Limited has disclosed a change in director Steven Formica’s indirect holdings, reflecting the conversion of performance-based securities into ordinary equity. Formica, through a controlled entity, has converted 625,000 Tranche 1 Performance Rights into 625,000 fully paid ordinary shares at nil consideration, increasing his indirect shareholding while reducing his performance rights. The transaction, triggered by vesting of the rights, consolidates the director’s equity position and aligns his interests more closely with shareholders via a higher proportion of ordinary shares relative to performance-linked instruments.
The most recent analyst rating on (AU:KAU) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Kaiser Reef Ltd stock, see the AU:KAU Stock Forecast page.
More about Kaiser Reef Ltd
Average Trading Volume: 2,101,888
Technical Sentiment Signal: Buy
Current Market Cap: A$181.1M
For an in-depth examination of KAU stock, go to TipRanks’ Overview page.