Stelar Metals Director’s 500,000 Options Expire Without Exercise

Stelar Metals Limited ( (AU:SLB) ) has shared an update.

Stelar Metals Limited has announced a change in the interests of director William Robert Dix, who previously held both fully paid ordinary shares and unlisted options in the company through family-related accounts. The 500,000 unlisted options held indirectly by Dix, with an expiry date of 22 December 2025 and an exercise price of $0.50, have now lapsed without consideration, leaving his indirect holdings unchanged in terms of ordinary shares but eliminating his option exposure, which marginally reduces potential future equity dilution for existing shareholders.

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