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KGL Resources Limited ( (AU:KGL) ) just unveiled an update.
KGL Resources has revised the remuneration structure for CEO Sam Strohmayr by introducing a variable, equity-based component, granting him 500,000 ordinary shares and 500,000 performance rights. Similar performance rights will also be issued to the Chief Financial Officer and Company Secretary under the company’s existing placement capacity.
The performance rights will vest if funding is secured to take the Jervois Project to final investment decision and if the share price trades above a specified level over 20 days, aligning executive incentives with project and market milestones. KGL has also issued 500,000 new fully paid ordinary shares as part of executive remuneration and signalled plans to introduce a broader short and long-term incentive policy for key executives in the next financial year.
The most recent analyst rating on (AU:KGL) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.
More about KGL Resources Limited
KGL Resources Limited is an Australian-listed mining company focused on developing the Jervois Project. The company operates in the resources sector and is progressing this project toward a final investment decision, positioning itself within the base metals development space on the ASX.
Average Trading Volume: 608,624
Technical Sentiment Signal: Buy
Current Market Cap: A$239M
For a thorough assessment of KGL stock, go to TipRanks’ Stock Analysis page.