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Spirit Technology Solutions Ltd. ( (AU:ITS) ) has issued an update.
Spirit Technology Solutions has disclosed a change in director Simon McKay’s interests following the grant of 138,888 performance rights as part of the company’s long‑term incentive program. The new rights, which carry no upfront consideration, will vest subject to performance hurdles over a period ending in 2030.
McKay continues to hold 15,406,072 fully paid ordinary shares indirectly through McKay Family Holdings, with the new allocation representing an additional performance‑based stake rather than an on‑market purchase. The award aligns his remuneration more closely with long‑term shareholder returns and reflects Spirit’s use of equity incentives to retain and motivate key executives.
The most recent analyst rating on (AU:ITS) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Spirit Technology Solutions Ltd. stock, see the AU:ITS Stock Forecast page.
More about Spirit Technology Solutions Ltd.
Infotrust Limited, now operating as Spirit Technology Solutions Ltd., is an Australian technology company focused on providing digital and telecommunications solutions. The business typically targets enterprise and government clients with services that can include managed IT, cloud, and connectivity offerings in the local market.
Average Trading Volume: 28,502
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$85.58M
Find detailed analytics on ITS stock on TipRanks’ Stock Analysis page.