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Pinnacle Minerals Updates Director Holdings After Performance Rights Vesting and Reconciliation

Story Highlights
  • Pinnacle Minerals updated director interests after vesting 2024 performance rights.
  • Company disclosed late-reported director trades, citing oversight but affirming compliance controls.
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Pinnacle Minerals Updates Director Holdings After Performance Rights Vesting and Reconciliation

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Pinnacle Minerals Limited ( (AU:PIM) ) just unveiled an announcement.

Pinnacle Minerals has lodged change of director interest notices reflecting the vesting of Tranche A 2024 performance rights for directors William Witham and Stephen Ross, resulting in an adjustment from performance rights into ordinary shares for Ross. The company also used the filing to disclose previously unreported bonus options and a prior share purchase by Witham uncovered during a reconciliation of director holdings, attributing the late disclosure to administrative oversight while affirming awareness of ASX reporting obligations, the existence of a security trading policy, and confidence that its current compliance procedures remain adequate for ongoing adherence to listing rules.

The most recent analyst rating on (AU:PIM) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Pinnacle Minerals Limited stock, see the AU:PIM Stock Forecast page.

More about Pinnacle Minerals Limited

Pinnacle Minerals Limited (ASX:PIM) is an Australian-listed minerals company based in Western Australia, operating in the resources sector and focused on mineral exploration and development activities. The company is governed by a board including a chairman, managing director and non-executive director, and its securities are traded on the ASX, with a structure that includes ordinary shares, listed options and performance rights for directors and key personnel.

Average Trading Volume: 937,014

Technical Sentiment Signal: Sell

For an in-depth examination of PIM stock, go to TipRanks’ Overview page.

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