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Omnia Metals Group Ltd ( (AU:OM1) ) has issued an update.
Omnia Metals Group Ltd has notified the market of the issue of a total of 15 million unquoted performance rights, including 5 million under existing ASX code OM1AG and 10 million in two new classes that will be admitted to quotation upon ASX code confirmation. The new performance rights are structured to convert into shares if Omnia’s volume-weighted average price reaches $0.035 and $0.04 respectively over 20 consecutive trading days within three years of grant, aligning management or recipient incentives with future share price performance and potentially leading to equity dilution if the conditions are met.
More about Omnia Metals Group Ltd
Average Trading Volume: 2,551,568
Technical Sentiment Signal: Sell
Learn more about OM1 stock on TipRanks’ Stock Analysis page.