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Zeotech Limited ( (AU:ZEO) ) just unveiled an update.
Zeotech Limited has notified the market of the issue of 40 million unquoted performance rights under its employee incentive scheme, with the new securities not intended to be quoted on the ASX. The move expands the company’s pool of equity-based remuneration, signalling an increased use of performance-linked incentives to align staff and management interests with shareholder value, though it may also introduce potential future dilution for existing investors depending on vesting outcomes.
The most recent analyst rating on (AU:ZEO) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Zeotech Limited stock, see the AU:ZEO Stock Forecast page.
More about Zeotech Limited
Average Trading Volume: 2,220,582
Technical Sentiment Signal: Buy
Current Market Cap: A$162.5M
Find detailed analytics on ZEO stock on TipRanks’ Stock Analysis page.