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Tasman Resources ( (AU:TAS) ) has issued an announcement.
Tasman Resources has confirmed the vesting of 36 million previously issued performance rights to its directors after meeting share price-based vesting conditions across three tranches, each linked to the company’s volume-weighted average price thresholds between $0.025 and $0.04. With the 5-day VWAP recently at $0.044, all tranches have vested, allowing directors to convert these rights into fully paid ordinary shares at their discretion, a move that may increase director equity holdings and potentially dilute existing shareholders while signalling confidence in the company’s recent share price performance.
The most recent analyst rating on (AU:TAS) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
More about Tasman Resources
Tasman Resources Ltd (ASX:TAS) is an Australian-listed company operating in the resources sector, focused on exploration and development activities that are reflected in its equity-based incentive structures for directors and management. The company’s performance is closely tied to its share price, which informs how it structures remuneration and aligns management incentives with shareholder returns.
Average Trading Volume: 1,135,808
Technical Sentiment Signal: Sell
Current Market Cap: A$21.38M
For detailed information about TAS stock, go to TipRanks’ Stock Analysis page.