Pacific Lime and Cement Director’s Incentive Rights Lapse After Vesting Hurdles Not Met

Pacific Lime and Cement Limited ( (AU:PLA) ) has provided an announcement.

Pacific Lime and Cement Limited has disclosed a change in director Richard Pegum’s indirect interests in the company’s securities, held via PointRoad Pty Ltd and Landsdowne (Aust) Nominees Pty Ltd as trustee for The R&D Pegum Trust. The company reported that 11,667,000 unquoted long-term incentive performance rights previously held through these entities have lapsed at no consideration after vesting conditions were not met, reducing Pegum’s potential equity-linked exposure under the firm’s employee share option plan and signaling that performance hurdles tied to those incentives were not achieved.

More about Pacific Lime and Cement Limited

Average Trading Volume: 1,283,338

Technical Sentiment Signal: Sell

Current Market Cap: A$236.4M

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