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Yojee Director Increases Shareholding Through Conversion of Performance Rights

Story Highlights
  • Director Mark Connell converted 500,000 vested performance rights into fully paid ordinary shares.
  • Following the conversion, Connell’s direct shareholding rose to over 10.3 million shares, with fewer performance rights outstanding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Yojee Director Increases Shareholding Through Conversion of Performance Rights

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An update from Yojee Ltd. ( (AU:YOJ) ) is now available.

Yojee Limited has reported a change in the holdings of director Mark Connell, reflecting the conversion of previously granted performance-based equity into ordinary shares. The adjustment, involving the issue of 500,000 fully paid ordinary shares in exchange for 500,000 vested performance rights at nil consideration, increases Connell’s direct shareholding to 10,335,016 shares while reducing his performance rights to 7,698,261, signalling the satisfaction of performance conditions and modestly realigning the mix of his equity exposure toward ordinary shares, which may be viewed as strengthening alignment with shareholder interests.

The most recent analyst rating on (AU:YOJ) stock is a Hold with a A$0.36 price target. To see the full list of analyst forecasts on Yojee Ltd. stock, see the AU:YOJ Stock Forecast page.

More about Yojee Ltd.

Average Trading Volume: 194,652

Technical Sentiment Signal: Sell

Current Market Cap: A$125.1M

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

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