Larvotto Converts 100,000 Performance Rights Into Ordinary Shares Under Incentive Plan

Larvotto Resources Limited ( (AU:LRV) ) just unveiled an announcement.

Larvotto Resources Limited has converted 100,000 vested performance rights into an equivalent number of ordinary shares under its Long-Term Incentive Plan following a resolution of the board. The newly issued shares, for which an application for quotation has been lodged with the ASX, were issued under ASX Listing Rule exceptions and did not consume the company’s existing placement capacity, with Larvotto confirming it remains compliant with its continuous disclosure and financial reporting obligations and that no additional material information relevant to investors’ assessment of the company or the new shares has been withheld.

The most recent analyst rating on (AU:LRV) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Larvotto Resources Limited stock, see the AU:LRV Stock Forecast page.

More about Larvotto Resources Limited

Larvotto Resources Limited (ASX: LRV) is an Australian-listed resources company operating within the mining and exploration sector. The company is subject to ASX Listing Rules and the Australian Corporations Act and uses a Long-Term Incentive Plan involving performance rights and ordinary shares to remunerate and incentivise key personnel.

Average Trading Volume: 5,306,706

Technical Sentiment Signal: Buy

Current Market Cap: A$670.2M

For an in-depth examination of LRV stock, go to TipRanks’ Overview page.