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Matrix Composites & Engineering Ltd ( (AU:MCE) ) has shared an update.
Matrix Composites & Engineering has notified the market of the issue of 5,985,958 unquoted performance rights and 1,391,071 unquoted options (expiring December 2030 with an exercise price of $0.434) under its employee incentive arrangements. The move expands the company’s pool of equity‑based rewards for staff and executives, reinforcing the use of long‑term incentives to align employees’ interests with shareholders and potentially impacting future dilution and capital structure if these securities vest or are exercised.
The most recent analyst rating on (AU:MCE) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Matrix Composites & Engineering Ltd stock, see the AU:MCE Stock Forecast page.
More about Matrix Composites & Engineering Ltd
Matrix Composites & Engineering Ltd is an Australian engineering company listed on the ASX that specialises in advanced composite materials and engineered products, servicing sectors such as energy, resources and other industrial markets that require high‑performance, corrosion‑resistant and lightweight solutions.
Average Trading Volume: 148,378
Technical Sentiment Signal: Sell
Current Market Cap: A$55.05M
Find detailed analytics on MCE stock on TipRanks’ Stock Analysis page.