Triangle Energy Director Increases Shareholding Through Performance Rights Conversion

Triangle Energy (Global) Limited ( (AU:TEG) ) has issued an announcement.

Triangle Energy (Global) Limited has disclosed a change in the interests of director Conrad Todd, following the conversion and lapse of certain long-term performance rights. Todd converted 10,307,017 of his 2022 long-term performance rights into fully paid ordinary shares at $0.003 per share after vesting conditions were met, while an equal number of remaining 2022 performance rights lapsed due to unmet vesting conditions. As a result, his direct holding increased to 14,307,017 fully paid ordinary shares and 22,000,000 performance rights, with his indirect holding through Rosetti Super Holdings Pty Ltd remaining at 22,583,002 fully paid ordinary shares, highlighting both an expanded equity stake and the impact of performance-based incentives on director remuneration.

The most recent analyst rating on (AU:TEG) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Triangle Energy (Global) Limited stock, see the AU:TEG Stock Forecast page.

More about Triangle Energy (Global) Limited

Triangle Energy (Global) Limited is an Australia-listed energy company (ASX: TEG) operating in the oil and gas sector, with its activities centred on exploration and production assets that provide exposure to the domestic energy market.

Technical Sentiment Signal: Sell

Current Market Cap: A$6.6M

For an in-depth examination of TEG stock, go to TipRanks’ Overview page.