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An announcement from Austin Engineering ( (AU:ANG) ) is now available.
Austin Engineering has confirmed that 1,050,000 incentive options granted to Chief Operating Officer Vincent D’Rozario have vested after meeting retention and earlier share price performance hurdles, and can now be exercised at $0.35 per share on or before 12 April 2026. While a further 1,050,000 options from earlier tranches remain unexercised on the same terms, 1,850,000 options tied to tranches that failed to meet share price performance conditions will lapse, underscoring the performance-linked nature of the company’s Incentive Option Plan and its disciplined approach to executive remuneration and equity dilution.
The most recent analyst rating on (AU:ANG) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Austin Engineering stock, see the AU:ANG Stock Forecast page.
More about Austin Engineering
Austin Engineering is a global engineering company that has worked with mining companies, contractors and original equipment manufacturers for more than 50 years to deliver productivity-focused solutions. It is a market leader in the design and manufacture of loading and hauling equipment for both open-cut and underground mining, including off-highway dump truck bodies, buckets, water tanks and related attachments, alongside repair, maintenance and spare parts services from operations in Australia, the US, Chile and Indonesia.
Average Trading Volume: 2,552,335
Technical Sentiment Signal: Sell
Current Market Cap: A$152.6M
Learn more about ANG stock on TipRanks’ Stock Analysis page.