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Moab Minerals Director Alters Equity Stake

Story Highlights
  • Moab Minerals Limited director converted 15 million performance rights into ordinary shares.
  • The transaction reflects a strategic equity management move, impacting shareholder value.
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Moab Minerals Director Alters Equity Stake

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The latest announcement is out from Delecta Limited ( (AU:MOM) ).

Moab Minerals Limited has announced a change in the interests of its director, Malcolm Raymond Day, involving the conversion of performance rights into fully paid ordinary shares. This change reflects the vesting of 15,000,000 performance rights into ordinary shares, which were valued at $0.002 each based on the current share price. The transaction indicates a strategic move in the company’s equity management, potentially impacting shareholder value and the director’s stake in the company.

More about Delecta Limited

Current Market Cap: A$4.69M

For detailed information about MOM stock, go to TipRanks’ Stock Analysis page.

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