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Sky Metals Limited ( (AU:SKY) ) has issued an update.
Sky Metals Limited has reported a change in the indirect holdings of director Rimas Kairaitis, made through his associated entity Smiff Pty Ltd. The company disclosed that 1,250,000 performance rights held by Kairaitis were converted into 1,250,000 fully paid ordinary shares at no cash consideration, lifting his indirect shareholding to 19,895,981 ordinary shares and removing those performance rights from his holdings. This administrative adjustment, carried out outside a closed trading period, reflects the vesting of existing incentives rather than a new capital raising, slightly increasing the director’s direct equity exposure and aligning his interests more closely with those of shareholders.
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
Average Trading Volume: 1,757,960
Technical Sentiment Signal: Buy
Current Market Cap: A$149M
See more data about SKY stock on TipRanks’ Stock Analysis page.