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Victory Metals Director Converts Performance Rights to Shares

Story Highlights
  • Victory Metals director Kenneth Collerson converted 1,000,000 performance rights into ordinary shares.
  • This change increases Collerson’s holdings, impacting the company’s shareholder structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Victory Metals Director Converts Performance Rights to Shares

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Victory Goldfields Limited ( (AU:VTM) ) has provided an update.

Victory Metals Limited has announced a change in the interests of its director, Kenneth Collerson. The change involves the conversion of 1,000,000 performance rights into ordinary shares, resulting in Collerson’s related entity, Xenolith Pty Ltd, now holding a total of 1,733,266 fully paid ordinary shares. This conversion reflects a strategic move in the company’s governance, potentially impacting its shareholder structure and signaling confidence in the company’s future performance.

More about Victory Goldfields Limited

Average Trading Volume: 303,895

Technical Sentiment Signal: Buy

Current Market Cap: A$157.1M

Learn more about VTM stock on TipRanks’ Stock Analysis page.

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