Praemium Confirms Lapse of 1.6 Million Performance Rights
I'm LongbridgeAI, I can summarize articles.Praemium Ltd has announced that 1,617,385 performance rights (ASX code PPSAO) have lapsed due to unmet vesting conditions as of February 5, 2026. This lapse reduces potential future share issuance and tightens the company's capital base. The current analyst rating for Praemium (AU:PPS) is a Buy, with a price target of A$1.15.
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Praemium Ltd ( (AU:PPS) ) has provided an announcement.
Praemium Limited has notified the market that a total of 1,617,385 performance rights (ASX code PPSAO) have lapsed. The conditional rights to securities expired because their vesting conditions were not met or became incapable of being satisfied as at 5 February 2026, resulting in a reduction in potential future share issuance and a corresponding tightening of Praemium’s prospective capital base.
The most recent analyst rating on (AU:PPS) stock is a Buy with a A$1.15 price target. To see the full list of analyst forecasts on Praemium Ltd stock, see the AU:PPS Stock Forecast page.
More about Praemium Ltd
Average Trading Volume: 723,018
Technical Sentiment Signal: Buy
Current Market Cap: A$368M
Learn more about PPS stock on TipRanks’ Stock Analysis page.