tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Seek reports lapse of conditional employee securities as performance hurdles go unmet

Story Highlights
  • Seek Limited announced the lapse of multiple classes of employee-related securities after conditions were not satisfied.
  • The cessation of nearly 21,000 conditional rights slightly reduces potential equity dilution and reflects unmet incentive hurdles.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Seek reports lapse of conditional employee securities as performance hurdles go unmet

Claim 50% Off TipRanks Premium

Seek Limited ( (AU:SEK) ) has shared an update.

Seek Limited has notified the ASX of the cessation of several classes of employee-related securities, including options, share rights, performance rights and recognition share rights, after conditional rights over a total of nearly 21,000 securities lapsed because their performance or vesting conditions were not met or became incapable of being satisfied by late 2025. The lapses marginally reduce the company’s pool of potential equity-based remuneration, signalling that certain performance or service hurdles in its incentive schemes were not achieved, which may slightly lessen prospective dilution for existing shareholders while reflecting the operation of its conditional incentive structures.

The most recent analyst rating on (AU:SEK) stock is a Buy with a A$31.65 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

More about Seek Limited

Seek Limited is an Australian-listed company that operates in the online employment and human capital services industry, best known for its digital job marketplaces and related talent solutions. Listed on the ASX under the code SEK, it provides recruitment platforms and services connecting job seekers with employers across various markets.

Average Trading Volume: 832,249

Technical Sentiment Signal: Sell

Current Market Cap: A$8.28B

See more insights into SEK stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1