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The latest update is out from MLG Oz Ltd ( (AU:MLG) ).
MLG OZ Limited has reported the lapse of 348,880 performance rights after the conditions attached to these securities were not met or became incapable of being satisfied, resulting in a reduction of its potential issued capital. The cessation of these conditional rights slightly alters the company’s equity-based incentive structure and may marginally affect future dilution expectations for existing shareholders, though it does not involve any cash outflow or change to current ordinary share capital.
The most recent analyst rating on (AU:MLG) stock is a Hold with a A$0.88 price target. To see the full list of analyst forecasts on MLG Oz Ltd stock, see the AU:MLG Stock Forecast page.
More about MLG Oz Ltd
Average Trading Volume: 228,867
Technical Sentiment Signal: Buy
Current Market Cap: A$137.9M
For a thorough assessment of MLG stock, go to TipRanks’ Stock Analysis page.