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iCollege Ltd. ( (AU:NXD) ) has shared an announcement.
NextEd Group Limited, trading on the ASX under the code NXD, has issued 343,609 ordinary shares to a related party nominee of its CEO, Mark Kehoe, as part of his short-term incentive remuneration for the fiscal year 2025. This issuance, which forms half of Mr. Kehoe’s total STI award of $164,548, is subject to a 12-month restriction on disposal. The shares were issued at a price of $0.239 each, based on the 10-day VWAP following the release of the 2025 Annual Report. The company has complied with the necessary provisions of the Corporations Act and has issued the shares without disclosure to investors under Part 6D.2 of the Act.
The most recent analyst rating on (AU:NXD) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on iCollege Ltd. stock, see the AU:NXD Stock Forecast page.
More about iCollege Ltd.
Average Trading Volume: 266,210
Technical Sentiment Signal: Hold
Current Market Cap: A$46.64M
For a thorough assessment of NXD stock, go to TipRanks’ Stock Analysis page.