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Manuka Resources Ltd ( (AU:MKR) ) has provided an announcement.
Manuka Resources Ltd has reported a change in the interests of director Dennis Karp, following the issue of 20 million unlisted incentive options to his associated entity, Soothgrove Pty Ltd. The options, exercisable at $0.15 and expiring on 16 December 2027, were granted under the company’s incentive plan as approved by shareholders at the 2025 annual general meeting and were issued for nil consideration. As a result of this grant, Karp’s total relevant interest in Manuka Resources now comprises 80,212,789 equity securities, including his existing ordinary shares and the newly issued options, further increasing his exposure to the company’s future equity performance and reinforcing the alignment between board incentives and shareholder outcomes.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Manuka Resources Ltd stock, see the AU:MKR Stock Forecast page.
More about Manuka Resources Ltd
Manuka Resources Ltd is an ASX-listed resources company operating in the mining and exploration sector. The company’s capital structure includes ordinary shares and various unlisted options, with directors and associated entities holding significant equity and incentive-based securities, reflecting a focus on aligning management interests with shareholder value.
Average Trading Volume: 7,908,274
Technical Sentiment Signal: Buy
Current Market Cap: A$84.53M
For detailed information about MKR stock, go to TipRanks’ Stock Analysis page.