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An announcement from Sky Metals Limited ( (AU:SKY) ) is now available.
Sky Metals Limited has notified the ASX of a change in director Scott Todd’s indirect interests, reflecting an internal reclassification of his holdings within the company’s capital structure. Through the S & W Todd Family Pty Ltd and Todd Family Trust, Todd has converted 1,000,000 performance rights into 1,000,000 fully paid ordinary shares at no cash consideration, leaving him with a balance of 1,250,000 remaining performance rights at $0.16 expiring in November 2028 and 1,500,000 performance rights expiring in June 2027. The transaction, effected via the issue of shares upon conversion of performance rights, does not alter the total number of securities under his control but shifts his exposure from conditional rights to ordinary equity, aligning his interests more directly with existing shareholders.
The most recent analyst rating on (AU:SKY) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.
More about Sky Metals Limited
Sky Metals Limited is an Australian-listed resources company focused on mineral exploration and development, with its securities traded on the ASX. The company issues and manages fully paid ordinary shares and performance rights as part of its capital structure and director remuneration and incentive arrangements.
Average Trading Volume: 1,180,273
Technical Sentiment Signal: Buy
Current Market Cap: A$119.6M
Learn more about SKY stock on TipRanks’ Stock Analysis page.