Iperionx Limited ( (AU:IPX) ) has issued an announcement.
IperionX Limited announced a change in the director’s interest, specifically involving Todd Hannigan. The change includes the conversion of 159,333 restricted stock units into shares and an off-market transfer of 3,891,429 shares to UBS Securities Australia Limited as part of a loan facility. This adjustment reflects a strategic financial maneuver, allowing DITM Holdings Pty Ltd, as trustee for The DITM Family Trust, to leverage shares as security for an 18-month loan, indicating a tactical approach to capital management.
More about Iperionx Limited
YTD Price Performance: -42.00%
Average Trading Volume: 1,399,759
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$994.9M
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