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Metal Powder Works Director Reshapes Equity Stake With New Share and Performance Rights Holdings

Story Highlights
  • Metal Powder Works director Stuart Carmichael has increased his holding with 280,770 new ordinary shares.
  • Carmichael restructured his incentives by adding 1.2 million new performance rights while cancelling older tranches.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Metal Powder Works Director Reshapes Equity Stake With New Share and Performance Rights Holdings

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Metal Powder Works Limited ( (AU:MPW) ) has shared an announcement.

Metal Powder Works Limited has disclosed changes to director Stuart Carmichael’s relevant interests in the company’s securities, lodged with the ASX in accordance with listing rule 3.19A.2. Through various entities associated with him, Carmichael has acquired 280,770 ordinary shares and 1.2 million new performance rights across four new classes (D, E, F and G), while disposing of a total of 46,155 performance rights from existing Classes A, B and C, reflecting a significant reshaping and expansion of his performance-based equity exposure and signalling ongoing alignment of his incentives with the company’s future performance.

The most recent analyst rating on (AU:MPW) stock is a Buy with a A$4.10 price target. To see the full list of analyst forecasts on Metal Powder Works Limited stock, see the AU:MPW Stock Forecast page.

More about Metal Powder Works Limited

Metal Powder Works Limited is a listed company, but this filing provides no details about its industry, products or services, or target markets.

Average Trading Volume: 314,270

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$268.4M

See more insights into MPW stock on TipRanks’ Stock Analysis page.

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