Noviqtech Converts Director Fees to Equity in Major Interest Change

Tymlez Group Ltd. ( (AU:NVQ) ) has issued an update.

Noviqtech Limited has disclosed a change in director Niv Dagan’s indirect interests, following shareholder approvals at its 20 April 2026 annual general meeting. The change arises through 10 Bolivianos Pty Ltd, a company of which Dagan is a director and shareholder.

Dagan’s related entity received 20,567,804 fully paid ordinary shares at $0.02 per share in lieu of $411,356.08 in unpaid fees, converting various accrued liabilities into equity. It also obtained 50,283,902 listed NVQOA options at $0.20 exercise price expiring in March 2028, issued as free-attaching and advisor options, which increases Dagan’s leveraged exposure to Noviqtech’s future share price performance and further aligns his interests with shareholders while reducing short-term cash outflows for the company.

More about Tymlez Group Ltd.

Noviqtech Limited, formerly associated with Tymlez Group branding, is an ASX-listed company. It issues fully paid ordinary shares and listed options, and engages advisors and directors through equity-based compensation arrangements, indicating a capital markets focus typical of small to mid-cap listed entities.

YTD Price Performance: 71.43%

Average Trading Volume: 2,766,573

Technical Sentiment Signal: Hold

Current Market Cap: A$13.85M

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