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Merino & Co Limited ( (AU:MNC) ) has issued an update.
Merino & Co. has disclosed a change in the interests of director Fang (Fiona) Yue, confirming the issue of 2 million performance rights to an entity associated with her, 3HJ Yue Pty Ltd as trustee for the 3HJ Family Trust. The rights are split evenly across four tranches of 500,000 each and were issued for no cash consideration, reflecting an equity-based incentive structure approved by shareholders at the company’s 28 November 2025 annual general meeting.
Following the grant, Yue’s direct holding remains at 10.2 million shares, with the performance rights now held indirectly via the family trust, underscoring alignment of her remuneration with shareholder outcomes. The disclosure reinforces Merino & Co.’s adherence to ASX listing rules on timely reporting of directors’ interests, providing transparency for investors about potential future equity dilution and the director’s incentive alignment.
More about Merino & Co Limited
Merino & Co. Limited is an Australia-listed company; the filing does not specify its industry, products, or services. The company is subject to ASX disclosure rules and reports directors’ dealings in its securities in accordance with Australian corporate governance requirements.
Average Trading Volume: 6,982
Technical Sentiment Signal: Sell
Current Market Cap: A$7.38M
For detailed information about MNC stock, go to TipRanks’ Stock Analysis page.