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Orica Limited ( (AU:ORI) ) has provided an update.
Orica Limited has notified the market that it will issue 292,335 unquoted performance rights under its employee incentive scheme, with the securities not intended to be quoted on the ASX. The new performance rights grant forms part of Orica’s ongoing remuneration and retention framework for staff, aligning employees’ interests with shareholders and potentially affecting future dilution levels, while signalling continued use of equity-based incentives to support its long-term operational and strategic goals.
The most recent analyst rating on (AU:ORI) stock is a Buy with a A$28.00 price target. To see the full list of analyst forecasts on Orica Limited stock, see the AU:ORI Stock Forecast page.
More about Orica Limited
Orica Limited is an Australian-based chemicals and explosives company listed on the ASX, best known for supplying commercial explosives, blasting systems and related services to the mining, quarrying, construction and infrastructure sectors worldwide.
Average Trading Volume: 1,762,257
Technical Sentiment Signal: Buy
Current Market Cap: A$12.01B
Find detailed analytics on ORI stock on TipRanks’ Stock Analysis page.