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Invert Graphite Director’s Options Lapse After Milestones Not Met

Story Highlights
  • Invert Graphite director Andrew Lawson has seen 8,223,881 unlisted options lapse with no consideration.
  • Following the lapse, Lawson’s indirect holding is limited to 1,666,667 fully paid ordinary shares in the company.
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Invert Graphite Director’s Options Lapse After Milestones Not Met

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Dominion Minerals Limited ( (AU:IVG) ) just unveiled an announcement.

Invert Graphite Limited has disclosed a change in director Andrew Lawson’s relevant interests, reporting the lapse of 8,223,881 unlisted options previously held indirectly through a family trust and superannuation structure. The options, which expired with no consideration due to project milestones being incapable of being met, reduce Lawson’s derivative exposure to the company, leaving him with an indirect holding of 1,666,667 fully paid ordinary shares and potentially signalling a reassessment of incentive structures and project milestones within the business.

More about Dominion Minerals Limited

Invert Graphite Limited is an ASX-listed company operating in the graphite sector, with its securities, including fully paid ordinary shares and unlisted options, traded on the Australian market.

Average Trading Volume: 515,195

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$12.16M

For an in-depth examination of IVG stock, go to TipRanks’ Overview page.

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