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Matrix Composites & Engineering Ltd ( (AU:MCE) ) has provided an announcement.
Matrix Composites & Engineering Ltd announced a change in the director’s interest, specifically involving Aaron Begley. The change includes the lapse of 1,334,533 FY22 options and 441,833 performance rights due to unmet vesting conditions, while 294,555 performance rights were converted into shares following the exercise of board discretion. This adjustment reflects the company’s ongoing management of executive compensation and stock options, which may impact stakeholders’ perception of the company’s governance and financial strategies.
The most recent analyst rating on (AU:MCE) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Matrix Composites & Engineering Ltd stock, see the AU:MCE Stock Forecast page.
More about Matrix Composites & Engineering Ltd
Matrix Composites & Engineering Ltd operates in the engineering industry, focusing on the production of advanced composite materials and engineering solutions. The company primarily serves sectors such as oil and gas, mining, and defense, providing products like riser buoyancy systems, subsea umbilicals, and other specialized engineering services.
Average Trading Volume: 414,709
Technical Sentiment Signal: Hold
Current Market Cap: A$58.19M
Learn more about MCE stock on TipRanks’ Stock Analysis page.