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Norwood Systems Ltd ( (AU:NOR) ) just unveiled an announcement.
Norwood Systems Limited has disclosed a change in director Philip Otley’s interests, issuing him 12.5 million unquoted options as part of his non-executive director remuneration package for 2024, 2025 and 2026. The options, exercisable at $0.03 and expiring on 1 December 2028, increase Otley’s total holdings in the company and align his incentives more closely with shareholder value over the medium term, signalling a continued reliance on equity-based compensation to manage cash outflows and retain board talent.
The most recent analyst rating on (AU:NOR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Norwood Systems Ltd stock, see the AU:NOR Stock Forecast page.
More about Norwood Systems Ltd
Average Trading Volume: 580,304
Technical Sentiment Signal: Sell
Current Market Cap: A$7.36M
For an in-depth examination of NOR stock, go to TipRanks’ Overview page.