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Magontec Limited ( (AU:MGL) ) has provided an announcement.
Magontec Limited announced a change in the director’s interest, specifically regarding Nicholas William Andrews. The change involves an increase in unlisted performance rights, which are part of Mr. Andrews’ variable remuneration package approved at the recent AGM. This adjustment in securities holdings reflects the company’s ongoing commitment to aligning executive compensation with performance metrics, potentially impacting stakeholder perceptions positively.
More about Magontec Limited
Magontec Limited operates in the manufacturing industry, focusing on the production of magnesium alloys and anodes. The company is involved in the supply of materials for the automotive and energy sectors, emphasizing sustainable and efficient solutions.
Average Trading Volume: 13,022
Technical Sentiment Signal: Sell
Current Market Cap: A$11.39M
Learn more about MGL stock on TipRanks’ Stock Analysis page.