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An announcement from Manuka Resources Ltd ( (AU:MKR) ) is now available.
Manuka Resources has granted 20 million unlisted incentive options to director Alan J Eggers under its Incentive Plan, following shareholder approval at the company’s 2025 Annual General Meeting. The options, exercisable at $0.15 and expiring on 16 December 2027, were issued for nil consideration and sit alongside Eggers’ existing indirect holding of 61,375,887 ordinary shares, further strengthening the alignment between the director’s interests and those of shareholders while potentially increasing future equity dilution if exercised.
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 Australia-listed company operating in the resources sector, with its securities traded on the ASX. The company’s shareholder base includes directors and associated entities holding substantial ordinary share positions, reflecting a closely aligned management and ownership structure.
Average Trading Volume: 7,908,274
Technical Sentiment Signal: Buy
Current Market Cap: A$84.53M
See more insights into MKR stock on TipRanks’ Stock Analysis page.