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Tower Limited ( (AU:TWR) ) has shared an announcement.
Tower Limited announced a capital change involving the issuance of 1,128,138 fully paid ordinary shares as part of its Long-Term Incentive Plan. This issuance, authorized by a Board resolution, follows the vesting of share rights due to the satisfaction of performance hurdles. The shares were issued for nil cash consideration and are subject to restrictions, such as a 12-month non-disposal period on the ASX. This move signifies Tower Limited’s commitment to rewarding performance and retaining key stakeholders, potentially strengthening its market position.
More about Tower Limited
Tower Limited operates in the financial services industry, focusing on providing insurance products. The company is primarily known for its fully paid ordinary shares, which are traded under the NZX ticker code TWR.
YTD Price Performance: 12.61%
Average Trading Volume: 52,750
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$494.4M
See more insights into TWR stock on TipRanks’ Stock Analysis page.
