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TPG Telecom Limited ( (AU:TPG) ) just unveiled an update.
TPG Telecom has disclosed a change in the securities interests of chief executive and director Iñaki Berroeta, following an additional grant of deferred share rights, performance rights and performance retention rights under the company’s short- and long-term incentive plans. The new rights were issued at no cash consideration to maintain the economic value of Berroeta’s unvested on-foot share rights after a shareholder-approved capital return reduced their value, with the total number of rights held by him increasing materially; the move underscores TPG’s commitment to aligning executive remuneration with shareholder outcomes while preserving agreed incentive structures following balance-sheet and capital management actions.
The most recent analyst rating on (AU:TPG) stock is a Buy with a A$3.70 price target. To see the full list of analyst forecasts on TPG Telecom Limited stock, see the AU:TPG Stock Forecast page.
More about TPG Telecom Limited
TPG Telecom Limited is an Australian telecommunications company that provides mobile, fixed-line, broadband and enterprise connectivity services. Listed on the ASX, it operates in the highly competitive national telecoms market, serving both consumer and business customers through a portfolio of network and digital infrastructure assets.
Average Trading Volume: 2,034,392
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$7.4B
For an in-depth examination of TPG stock, go to TipRanks’ Overview page.