Red 5 Limited Proposes Name Change and Directors’ Pay Rise

Red 5 Limited (AU:RED) has released an update.

Red 5 Limited has announced a general meeting for shareholders to be held on September 25, 2024, to vote on changing the company name to Vault Minerals Limited and to potentially double the remuneration for Non-Executive Directors from $850,000 to $1,800,000 per annum. The meeting will take place in Perth, Western Australia, with specific voting exclusions and provisions in place for resolutions, especially pertaining to the increase in directors’ fees.

For further insights into AU:RED stock, check out TipRanks’ Stock Analysis page.