Beach Energy Cancels 868,712 Lapsed Performance Rights
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Beach Energy announced the lapse of 868,712 performance rights due to unmet conditions, resulting in no new shares issued and reduced potential future dilution for shareholders. The rights were part of equity-based remuneration arrangements. The latest analyst rating for Beach Energy stock is Hold with a A$1.10 price target. Beach Energy operates in the oil and gas sector, focusing on hydrocarbon exploration and production.
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