tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Triangle Energy Reports Lapse of 21.7 Million Performance Rights

Story Highlights
  • Triangle Energy has confirmed that 21.7 million performance rights lapsed after their conditions were not satisfied.
  • The lapse reduces potential future equity dilution and reflects unachieved milestones tied to these incentive securities.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Triangle Energy Reports Lapse of 21.7 Million Performance Rights

Claim 50% Off TipRanks Premium

The latest announcement is out from Triangle Energy (Global) Limited ( (AU:TEG) ).

Triangle Energy (Global) Limited has announced the lapse of 21,710,527 performance rights, which ceased on 13 January 2026 after the conditions attached to those rights were not met or became incapable of being satisfied. The lapse reduces the company’s pool of potential equity-based incentive securities and may slightly lessen prospective share dilution, signalling that certain performance milestones or strategic objectives linked to these rights were not achieved within the required timeframe.

The most recent analyst rating on (AU:TEG) stock is a Hold 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 focused on exploration, development and production of hydrocarbons for domestic and regional energy markets.

Technical Sentiment Signal: Sell

Current Market Cap: A$6.6M

Find detailed analytics on TEG stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1