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Retail Food Group Performance Rights Lapse Simplifies Capital Structure

Story Highlights
  • Retail Food Group confirmed 154,867 performance rights have lapsed after conditions were not satisfied.
  • The lapse modestly streamlines RFG’s capital structure and reflects unmet performance hurdles for those rights.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Retail Food Group Performance Rights Lapse Simplifies Capital Structure

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Retail Food Group ( (AU:RFG) ) has shared an update.

Retail Food Group has announced the cessation of 154,867 performance rights, which lapsed because the conditions attached to those rights were not met or could no longer be satisfied. The move trims the company’s pool of potential equity-linked instruments, modestly simplifying its capital structure and signalling that certain performance hurdles tied to these rights were not achieved.

The most recent analyst rating on (AU:RFG) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Retail Food Group stock, see the AU:RFG Stock Forecast page.

More about Retail Food Group

Retail Food Group Limited is an Australia-based company listed on the ASX under the code RFG. The group operates in the food and retail sector, primarily associated with franchised food brands and related retail operations in the consumer market.

Average Trading Volume: 46,590

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$75.1M

For detailed information about RFG stock, go to TipRanks’ Stock Analysis page.

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