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Los Cerros ( (AU:LCL) ) has shared an announcement.
LCL Resources Limited has reported a change in the interests of director Christopher van Wijk, detailing an adjustment to his holdings in the company’s securities. The notice indicates that van Wijk’s indirect holding through the Corvidae Super Fund remains at 2,222,222 ordinary shares, reflecting no change in his equity stake via that vehicle.
The director’s direct holding of performance rights expiring on 30 April 2026, totaling 11,875,000, has lapsed upon expiry and is no longer on issue, while his 11,875,000 performance rights expiring on 30 April 2027 remain unchanged. The update signifies an automatic reduction in potential future equity dilution from expiring incentives, with no on-market trading or consideration involved and no trading during a closed period.
More about Los Cerros
LCL Resources Limited, formerly known as Los Cerros, is an Australian-listed resources company focused on mineral exploration and development. The company’s securities include ordinary shares and various classes of performance rights issued to align management incentives with shareholder interests in its projects.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.41M
See more insights into LCL stock on TipRanks’ Stock Analysis page.