Sky Metals Director Increases Shareholding Through Performance Rights Conversion

Sky Metals Limited ( (AU:SKY) ) just unveiled an announcement.

Sky Metals Limited has reported a change in director Scott Todd’s relevant interests in the company’s securities following the conversion of performance rights into equity. Through the S & W Todd Family Pty Ltd and Todd Family Trust, Todd exchanged 1,250,000 performance rights (with a $0.16 exercise price and November 2028 expiry) for 1,250,000 fully paid ordinary shares issued for no cash consideration, increasing his indirect shareholding to 2,250,000 ordinary shares while leaving 1,500,000 performance rights (expiring June 2027) on issue. The transaction reflects the vesting of incentive securities into ordinary equity, modestly increasing the director’s aligned, long-term ownership stake in the company without diluting value through a cash-raising event.

The most recent analyst rating on (AU:SKY) stock is a Hold with a A$0.17 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’s capital structure includes fully paid ordinary shares and performance rights granted to directors and key stakeholders as part of its remuneration and incentive framework.

Average Trading Volume: 1,757,960

Technical Sentiment Signal: Buy

Current Market Cap: A$149M

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