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The latest update is out from PhosCo Ltd ( (AU:PHO) ).
PhosCo Ltd announced a change in the director’s interest, specifically for Tarecq Elias Aldaoud, who is a director and beneficiary of Smongo Pty Ltd and Aldaoud Pty Ltd. The change involved the acquisition of 3,262,874 fully paid ordinary shares and the exercise of 5,000,000 performance rights, resulting in a total holding of 94,881,347 fully paid ordinary shares. This adjustment was made through the issue of shares in lieu of annual salary and the exercise of vested performance rights, as approved by shareholders at the company’s recent Annual General Meeting. This move reflects the company’s strategic approach to aligning director incentives with shareholder interests, potentially impacting stakeholder perceptions and the company’s market positioning.
More about PhosCo Ltd
Average Trading Volume: 394,116
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$55.23M
See more data about PHO stock on TipRanks’ Stock Analysis page.