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Saturn Metals Director Sees 600,000 Performance Rights Lapse After Conditions Not Met

Story Highlights
  • Director Ian Bamborough’s indirect interest decreased as 600,000 performance rights lapsed.
  • The lapsed rights reflect unmet performance conditions, with no change to his shareholdings overall.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Saturn Metals Director Sees 600,000 Performance Rights Lapse After Conditions Not Met

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An update from Saturn Metals Ltd. ( (AU:STN) ) is now available.

Saturn Metals has disclosed a change in the indirect interests of director Ian Bamborough, following the lapse of 600,000 performance rights expiring on 29 November 2026 that were held through associated entities Roman Road Holdings Pty Ltd and IBLC Pty Ltd. The performance rights lapsed with no consideration after vesting conditions were not met, reducing Bamborough’s indirect holding of that particular performance rights tranche to 800,000 while leaving his direct and indirect shareholdings otherwise unchanged, signalling an adjustment to his long-term incentive exposure rather than an on-market transaction.

The most recent analyst rating on (AU:STN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Saturn Metals Ltd. stock, see the AU:STN Stock Forecast page.

More about Saturn Metals Ltd.

Saturn Metals Limited is an Australian-listed company operating in the mining and exploration sector, with its securities traded on the ASX. The company’s capital structure includes fully paid ordinary shares and various classes of performance rights issued to directors and key stakeholders as part of its incentive arrangements.

Average Trading Volume: 1,710,813

Technical Sentiment Signal: Buy

Current Market Cap: A$267.8M

Find detailed analytics on STN stock on TipRanks’ Stock Analysis page.

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