IONDRIVE Discloses Final Director Interest Details as Jack Hamilton Steps Down

Southern Gold Limited ( (AU:ION) ) has provided an update.

IONDRIVE Limited has announced that director John (Jack) Hamilton ceased to be a director on 31 January 2026, triggering a final disclosure of his relevant interests in the company’s securities under ASX rules. Hamilton holds 3,000,000 unlisted options in the company through the Hamilton Unit Trust, which are scheduled to lapse on 30 September 2026 under the Employee Incentive Plan, as well as 5,873,015 ordinary shares held via Energy Elements Pty Ltd, with an additional 454,545 ordinary shares expected to be issued to him on the same terms as other placement investors, underscoring the board’s management of equity incentives and ownership changes as part of the company’s governance processes.

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 Australian-listed company; while this notice does not detail its operations, it is subject to ASX corporate governance and disclosure requirements, including director interest reporting under the Corporations Act.

Average Trading Volume: 2,003,099

Technical Sentiment Signal: Buy

Current Market Cap: A$55.02M

For a thorough assessment of ION stock, go to TipRanks’ Stock Analysis page.