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Tamboran Resources Limited ( (AU:TBN) ) has issued an announcement.
Tamboran Resources Corporation has applied to the ASX for quotation of 1,462,200 CHESS Depositary Interests (CDIs) under code TBN, each representing 200:1 interests in the company’s securities, designated as “US person prohibited excluding QIB.” The new CDIs are being issued for nil cash consideration following the accelerated vesting and conversion of Restricted Stock Units previously granted to director Patrick Elliott, a move that modestly increases the company’s quoted equity base and reflects the execution of its existing equity-based remuneration arrangements approved by stockholders in June 2024.
More about Tamboran Resources Limited
Average Trading Volume: 2,472,046
Technical Sentiment Signal: Hold
Current Market Cap: A$762M
Find detailed analytics on TBN stock on TipRanks’ Stock Analysis page.