Predictive Discovery Director Increases Equity Stake via Cashless Option Exercise

Predictive Discovery Limited ( (AU:PDI) ) just unveiled an announcement.

Predictive Discovery Limited has reported a change in the interests of director Simon Jackson, following the cashless exercise of vested director incentives. Through his indirect holding entity, Bigjac Investments Pty Ltd, Jackson converted 5,000,000 options exercisable at $0.30, receiving 3,262,703 fully paid ordinary shares at zero cash consideration and cancelling the options. As a result, his indirect holding has increased to 4,687,703 fully paid ordinary shares and 1,500,000 zero exercise options, with no trades occurring during a closed period. The transaction reflects a shift from derivative-style incentive options into ordinary equity, modestly increasing director equity alignment without new cash inflows to the company.

The most recent analyst rating on (AU:PDI) stock is a Hold with a A$0.82 price target. To see the full list of analyst forecasts on Predictive Discovery Limited stock, see the AU:PDI Stock Forecast page.

More about Predictive Discovery Limited

Predictive Discovery Limited is an ASX-listed resources company operating in the mineral exploration sector. The company focuses on discovering and developing mineral deposits, with its securities traded on the Australian Securities Exchange under standard corporate governance and disclosure requirements.

Average Trading Volume: 13,945,661

Technical Sentiment Signal: Buy

Current Market Cap: A$2.13B

Find detailed analytics on PDI stock on TipRanks’ Stock Analysis page.