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Lodestar Director Increases Indirect Stake Through 25 Million New Options

Story Highlights
  • Lodestar director David McArthur’s indirect interest rose via 25 million new options.
  • The long-dated options align the director’s incentives more closely with shareholders’ equity interests.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lodestar Director Increases Indirect Stake Through 25 Million New Options

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The latest announcement is out from Lodestar Minerals ( (AU:LSR) ).

Lodestar Minerals has disclosed a change in director David McArthur’s indirect interests, following shareholder approval for a new option issuance. McArthur’s spouse, Susan Jane McArthur, has been allotted 25 million unlisted options expiring 31 January 2029 with a $0.045 exercise price, valued at $0.0136 per option using a Black-Scholes model, significantly increasing the director’s indirect exposure to the company’s equity and further aligning his interests with shareholders through long-dated incentive securities.

More about Lodestar Minerals

YTD Price Performance: -7.14%

Average Trading Volume: 12,527,322

Technical Sentiment Signal: Sell

Current Market Cap: A$14.22M

See more data about LSR stock on TipRanks’ Stock Analysis page.

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