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New Zealand King Salmon Faces Share Forfeiture by Manager

New Zealand King Salmon Faces Share Forfeiture by Manager

New Zealand King Salmon Investments Ltd. (AU:NZK) has released an update.

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New Zealand King Salmon Investments Ltd. recently disclosed a forfeiture of 17,045 ordinary shares by General Manager Richard Arthur Smith, due to not meeting a hurdle price in a long-term incentive plan. The shares, held by NZKS Custodian Limited, were valued at $30,000. This development highlights the potential challenges in achieving performance targets within stock incentive programs.

For further insights into AU:NZK stock, check out TipRanks’ Stock Analysis page.

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