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WIA Gold Limited ( (AU:WIA) ) just unveiled an announcement.
WIA Gold Limited has reported a change in the interests of director Josef El-Raghy following the conversion of vested performance rights into ordinary shares. El-Raghy acquired 20 million ordinary shares at nil consideration through this conversion, while his remaining unlisted performance rights were reduced to 5 million.
Post-transaction, El-Raghy’s interests are held directly and via Montana Realty Pty Ltd and El-Raghy Kriewaldt Pty Ltd, reflecting a shift from performance-based instruments into ordinary equity. The move consolidates his exposure to the company’s share price and may be seen as strengthening the alignment between the director’s incentives and shareholder returns.
The most recent analyst rating on (AU:WIA) stock is a Buy with a A$0.45 price target. To see the full list of analyst forecasts on WIA Gold Limited stock, see the AU:WIA Stock Forecast page.
More about WIA Gold Limited
WIA Gold Limited is an Australian-listed resources company focused on gold exploration and development. The company operates through equity holdings and performance-based securities, aligning director and management incentives with long-term project and share price performance.
Average Trading Volume: 1,977,323
Technical Sentiment Signal: Buy
Current Market Cap: A$635.8M
Find detailed analytics on WIA stock on TipRanks’ Stock Analysis page.