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Chariot Corporation Limited ( (AU:CC9) ) just unveiled an update.
Chariot Corporation Limited has disclosed a change in director Brendan Borg’s interests, with Borg receiving a substantial grant of performance rights across multiple classes (D through O) and an associated issue of listed options through his related entity, Borg Geoscience Pty Ltd. The newly acquired securities, which include 1,000,000 each of Class D and E performance rights and a range of other performance rights and 1.5 million listed options, form part of an incentive structure outlined in the company’s previously lodged meeting materials, and are expected to further align Borg’s remuneration and exposure with the company’s long-term performance, potentially influencing governance dynamics and capital structure over time.
More about Chariot Corporation Limited
Chariot Resources Ltd, now known as Chariot Corporation Limited, is an Australian-listed company whose securities include fully paid ordinary shares, performance rights across multiple classes, and listed options, reflecting a typical capital structure of an emerging resources or exploration business. The company’s use of performance rights and options suggests a focus on equity-based incentives to align directors’ and management’s interests with shareholder value creation in the resources sector.
Average Trading Volume: 506,539
Technical Sentiment Signal: Hold
Current Market Cap: A$29.84M
See more data about CC9 stock on TipRanks’ Stock Analysis page.