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Omega Oil & Gas Limited ( (AU:OMA) ) has issued an announcement.
Omega Oil & Gas Limited has issued 2,250,001 fully paid ordinary shares following the conversion of Performance Rights. This allocation includes 1,916,667 shares for Mr. Trevor Brown and 333,334 shares for other management under the company’s Incentive Plan. The issuance was conducted without disclosure to investors under the Corporations Act, and the company has confirmed compliance with relevant legal provisions. This move signifies an operational update that could impact company stakeholders by potentially enhancing management incentives and aligning interests with company performance.
The most recent analyst rating on (AU:OMA) stock is a Buy with a A$0.64 price target. To see the full list of analyst forecasts on Omega Oil & Gas Limited stock, see the AU:OMA Stock Forecast page.
More about Omega Oil & Gas Limited
Omega Oil & Gas Limited operates in the energy sector, focusing on the exploration and production of oil and gas resources. The company is listed on the Australian Securities Exchange under the ticker OMA.
Average Trading Volume: 484,244
Technical Sentiment Signal: Buy
See more data about OMA stock on TipRanks’ Stock Analysis page.