Revolver Resources trims director’s performance rights after unmet hurdle

An announcement from Revolver Resources Holdings Ltd ( (AU:RRR) ) is now available.

Revolver Resources Holdings Ltd has reported a change in director Paul McKenna’s interests, primarily through entities associated with him, including Ranger Resources Pty Ltd, Kiakora Pty Ltd, and the McKenna Super Fund. The disclosure details his indirect holdings in fully paid ordinary shares, unlisted options, and performance rights across these related entities.

The main change arises from the cancellation of 3,431,666 Class C performance rights after the relevant performance hurdle was not met, reducing McKenna’s remaining performance rights balance. While his share and option holdings remain unchanged, the cancellation signals that specific performance targets tied to these rights were not achieved, modestly trimming his incentive-based exposure without altering the broader ownership structure.

The most recent analyst rating on (AU:RRR) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Revolver Resources Holdings Ltd stock, see the AU:RRR Stock Forecast page.

More about Revolver Resources Holdings Ltd

Revolver Resources Holdings Ltd is an Australia-listed resources company focused on mineral exploration and development. The company’s securities include fully paid ordinary shares, unlisted options, and performance rights held by directors and related entities, reflecting a typical capital structure for an ASX junior mining or exploration business.

Average Trading Volume: 344,887

Technical Sentiment Signal: Buy

Current Market Cap: A$23.94M

See more data about RRR stock on TipRanks’ Stock Analysis page.