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The latest update is out from Nanoveu Ltd. ( (AU:NVU) ).
Nanoveu Ltd. has reported a change in the interests of director Alfred Chong, reflecting the expiry of a substantial portion of his performance rights. The update, lodged with the ASX, outlines that 5,000,000 performance rights held by Chong have lapsed after failing to meet their specified performance milestones.
Following the change, Chong’s direct holding of performance rights has fallen from 5,700,000 to 700,000, while his direct and indirect ordinary shareholdings remain unchanged. The adjustment highlights the company’s use of performance-based equity incentives and confirms that no trades occurred and no consideration was received, as the rights simply expired.
The most recent analyst rating on (AU:NVU) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on Nanoveu Ltd. stock, see the AU:NVU Stock Forecast page.
More about Nanoveu Ltd.
Nanoveu Ltd. is an ASX-listed company operating in the technology sector. It focuses on developing and commercialising advanced display and nanotechnology-based solutions, with its shares and performance rights actively used as instruments for executive and director remuneration and incentives.
Average Trading Volume: 2,890,397
Technical Sentiment Signal: Hold
Current Market Cap: A$68.07M
For an in-depth examination of NVU stock, go to TipRanks’ Overview page.