NoviqTech Issues Shares to Director in Lieu of Outstanding Fees

Tymlez Group Ltd. ( (AU:NVQ) ) has shared an announcement.

NoviqTech Limited has issued 1,977,787 new ordinary shares to non-executive director Darren Scott’s associated entity, Scottkaiser Pty Ltd , as payment in lieu of outstanding non-executive director fees up to the end of October 2025. The issue, which was approved by shareholders at an extraordinary general meeting held on 5 January 2026, increases Scott’s indirect holding to 5,231,033 shares while his option holdings remain unchanged, further aligning his interests with those of other shareholders and modestly diluting existing equity as part of the company’s approach to managing cash outflows and director remuneration.

More about Tymlez Group Ltd.

NoviqTech Limited is an ASX-listed company operating under the ticker NVQ, with its capital structure including ordinary shares, unlisted options, and listed options (NVQOA). The company’s governance framework includes non-executive directors whose remuneration may be satisfied through equity issuance, subject to shareholder approval, aligning board compensation with shareholder interests.

Average Trading Volume: 810,084

Technical Sentiment Signal: Sell

Current Market Cap: A$10.3M

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