Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An update from Lindian Resources Limited ( (AU:LIN) ) is now available.
Lindian Resources has issued an addendum to its notice of general meeting, revising a proposal to grant director performance rights by halving the total number from 37 million to 18.5 million across three participating directors. The company highlights substantial share price and market-cap gains over the last 12 months and urges shareholders to use a replacement proxy form if they wish to change their votes on the updated resolutions, while confirming that existing proxies remain valid if no change is required.
The addendum amends the key resolution to set specific revised allocations of performance rights to each director and updates all relevant references in the explanatory memorandum. By tying the rights to milestones expected to support further share price uplift, the board positions the incentives as aligned with shareholder interests, potentially reinforcing confidence in the company’s governance and growth trajectory.
The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.91 price target. To see the full list of analyst forecasts on Lindian Resources Limited stock, see the AU:LIN Stock Forecast page.
More about Lindian Resources Limited
Lindian Resources Limited is an Australian-listed resources company operating in the mining sector. The company focuses on advancing its projects to build shareholder value, and has seen a sharp rise in market capitalisation and share price over the past year following the appointment of new directors.
Average Trading Volume: 10,187,768
Technical Sentiment Signal: Buy
Current Market Cap: A$1.42B
Learn more about LIN stock on TipRanks’ Stock Analysis page.