Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Forbidden Foods Ltd ( (AU:OMG) ) has provided an update.
OMG Group Limited has disclosed a change in director Timothy Freeburn’s interests, with his indirect holding of ordinary shares increasing from 3,500,000 to 7,000,000. The additional shares were issued at $0.007 per share via an employee agreement in lieu of cash remuneration that was previously approved by shareholders.
The company also outlined a new employee agreement under which Freeburn is entitled to receive 7,000,000 fully paid ordinary shares, subject to shareholder approval, formalising his equity-based compensation structure. His existing performance rights remain unchanged, and the notice confirms that no trades occurred during a closed period requiring special clearance.
The most recent analyst rating on (AU:OMG) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Forbidden Foods Ltd stock, see the AU:OMG Stock Forecast page.
More about Forbidden Foods Ltd
OMG Group Limited is an ASX-listed company, but the release provides no details on its industry, products, or specific market focus. The announcement centers solely on changes to a director’s securities holdings and related employment arrangements, without operational or strategic business context.
Average Trading Volume: 2,076,811
Technical Sentiment Signal: Sell
Current Market Cap: A$6.6M
See more data about OMG stock on TipRanks’ Stock Analysis page.