Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Amaero International Ltd ( (AU:3DA) ) has issued an update.
Amaero International Ltd announced the cancellation of 1.25 million unquoted options initially issued to its executive directors, Hank Holland and Eric Bono, under the mistaken belief of having obtained shareholder approval. The company will instead compensate them with cash bonuses totaling $250,000, to be paid in installments over three years. This move aims to rectify compliance issues with ASX Listing Rules and ensure accurate market notifications. Additionally, the company identified and addressed breaches related to director interest notifications and corporate governance disclosures, reinforcing its commitment to regulatory compliance and transparency.
More about Amaero International Ltd
Amaero International Ltd operates in the advanced manufacturing industry, focusing on the production of complex components using additive manufacturing technology. The company primarily serves sectors such as aerospace, defense, and automotive, providing innovative solutions through its expertise in 3D printing and metal additive manufacturing.
YTD Price Performance: -18.00%
Average Trading Volume: 542,474
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$141.5M
Find detailed analytics on 3DA stock on TipRanks’ Stock Analysis page.