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West Wits Director’s Performance Rights Lapse Without Conversion

Story Highlights
  • Director Michael Quinert’s indirect performance rights holding fell by 2.5 million after expiry.
  • The lapsed performance rights failed to meet a VWAP hurdle, leaving his shares and options unchanged.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
West Wits Director’s Performance Rights Lapse Without Conversion

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An update from West Wits Mining Limited ( (AU:WWI) ) is now available.

West Wits Mining Limited has disclosed a change in director Michael Quinert’s interests in the company’s securities following the expiry of certain performance rights. The director’s indirect holding of performance rights decreased by 2.5 million to 9.5 million after these rights, which were subject to a 30-day VWAP hurdle of $0.065 and an expiry date of 31 December 2025, lapsed without conversion, leaving his overall share and option holdings unchanged and indicating that specific performance conditions tied to these rights were not met by the deadline.

The most recent analyst rating on (AU:WWI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on West Wits Mining Limited stock, see the AU:WWI Stock Forecast page.

More about West Wits Mining Limited

Average Trading Volume: 14,878,923

Technical Sentiment Signal: Buy

Current Market Cap: A$334.2M

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

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