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The latest update is out from Pacific Lime and Cement Limited ( (AU:PLA) ).
Pacific Lime and Cement Limited has disclosed a change in director Timothy Crossley’s interests, following the grant of 9 million long-term incentive performance options at no cash consideration. The options, approved by shareholders at a March 2026 general meeting, will vest in full if the company’s 30-day volume-weighted average share price reaches or exceeds A$0.70.
The issue of performance options significantly increases Crossley’s exposure to the company’s equity while leaving his and related entities’ existing ordinary shareholdings unchanged. The award aligns executive incentives with shareholder value creation by tying potential gains to a substantial uplift in the company’s share price, underscoring a performance-driven approach to remuneration and governance.
More about Pacific Lime and Cement Limited
Pacific Lime and Cement Limited operates in the materials sector, focusing on lime and cement products. The company’s securities are listed on the ASX, and its capital structure includes ordinary fully paid shares and long-term incentive performance options issued to key executives, reflecting a typical resource and construction materials industry profile.
Average Trading Volume: 402,863
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$257.4M
For a thorough assessment of PLA stock, go to TipRanks’ Stock Analysis page.