Tower Limited (AU:TWR) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
New Zealand-based Tower Limited has reissued a corrected Capital Change Notice originally dated March 26, 2024, due to a miscalculation of share rights under the company’s incentive plan. The notice pertains to a significant issuance of 2,612,452 unquoted share rights as part of Tower’s long-term incentive strategy, aiming to align employee interests with shareholder returns. These rights will convert to ordinary shares based on performance metrics tied to the NZX50 index over a three-year period.
For further insights into AU:TWR stock, check out TipRanks’ Stock Analysis page.