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Wesfarmers Limited ( (AU:WES) ) has provided an announcement.
Wesfarmers Limited has introduced a Non-executive Director Equity Plan (NED Plan) allowing its non-executive directors to acquire company shares by sacrificing their pre-tax fees. This initiative aims to align the interests of directors with shareholders and assist new directors in meeting shareholding qualifications. The plan includes specific terms regarding participation, vesting, and trading restrictions, potentially impacting the company’s governance structure by fostering a stronger alignment between directors and shareholders.
The most recent analyst rating on (AU:WES) stock is a Hold with a A$92.60 price target. To see the full list of analyst forecasts on Wesfarmers Limited stock, see the AU:WES Stock Forecast page.
More about Wesfarmers Limited
Wesfarmers Limited is a diversified Australian company operating in various sectors, including retail, chemicals, fertilizers, and industrial and safety products. The company is known for its strong presence in the Australian market, focusing on delivering value to its shareholders through a wide range of products and services.
Average Trading Volume: 1,483,306
Technical Sentiment Signal: Buy
Current Market Cap: A$93.01B
For a thorough assessment of WES stock, go to TipRanks’ Stock Analysis page.