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An announcement from Southern Gold Limited ( (AU:ION) ) is now available.
IONDRIVE Limited has updated the market on changes to director David Michael McNeilly’s holdings, following shareholder approval granted on 22 January 2026. McNeilly received 8 million new unlisted options exercisable at $0.067 and expiring on 6 February 2030, and subscribed for 568,181 ordinary shares at $0.044 per share for a total of $25,000 in a placement on the same terms as other investors, while 600,000 existing options expired. The unlisted options were issued at nil consideration as part of a retention and incentive arrangement for directors, increasing McNeilly’s holding to 3,479,292 ordinary shares and a larger long-dated option package, signalling continued alignment of director incentives with shareholder interests without any trading during a closed period.
The most recent analyst rating on (AU:ION) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Southern Gold Limited stock, see the AU:ION Stock Forecast page.
More about Southern Gold Limited
IONDRIVE Limited is an ASX-listed company, though this notice does not specify its industry, products or services. The company is subject to Australian corporate and listing regulations, including director disclosure requirements for holdings and changes in securities interests.
Average Trading Volume: 2,003,099
Technical Sentiment Signal: Buy
Current Market Cap: A$55.02M
For an in-depth examination of ION stock, go to TipRanks’ Overview page.