Lynas Rare Earths Limited (AU:LYC) has released an update.
Lynas Rare Earths Limited has announced the cessation of 19,225 performance rights due to unmet conditions, effective September 30, 2024. This indicates that certain milestones or performance targets established by the company were not achieved, leading to the lapse of these securities. The news could be of interest to investors monitoring the company’s stock for changes in capital structure and incentive plans.
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