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The latest update is out from Omni Bridgeway ( (AU:OBL) ).
Omni Bridgeway Limited announced the issuance of 799,259 ordinary fully paid shares as part of its FY23 Long Term Incentive Plan, which was evaluated based on portfolio growth. The remaining 80% of performance rights, linked to total shareholder return, lapsed. This move allows the shares to be sold under an exemption in section 708A(5) of the Corporations Act, ensuring compliance with regulatory requirements and maintaining transparency with investors.
The most recent analyst rating on (AU:OBL) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Omni Bridgeway stock, see the AU:OBL Stock Forecast page.
More about Omni Bridgeway
Omni Bridgeway is a company operating in the financial services industry, specializing in litigation funding and legal risk management. The company focuses on providing capital and strategic support to clients involved in legal disputes, aiming to facilitate access to justice and optimize financial outcomes.
YTD Price Performance: 10.0%
Average Trading Volume: 298,319
Technical Sentiment Signal: Buy
Current Market Cap: A$460.1M
Find detailed analytics on OBL stock on TipRanks’ Stock Analysis page.