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Jaxsta Limited ( (AU:VNL) ) has issued an update.
Vinyl Group Ltd has notified the market of the issue of 1.1 million unquoted options, exercisable at $0.048 and expiring on 3 November 2028, under its employee incentive scheme. The move underscores the company’s use of equity-based remuneration to align staff incentives with long-term shareholder value, potentially aiding talent retention and supporting execution of its growth strategy without immediate cash outlay, though it introduces the prospect of future share dilution if the options are exercised.
The most recent analyst rating on (AU:VNL) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Jaxsta Limited stock, see the AU:VNL Stock Forecast page.
More about Jaxsta Limited
Vinyl Group Ltd, listed on the ASX under the code VNL, operates within the music and audio technology sector, focusing on digital services and platforms that support artists, rights holders, and industry stakeholders. The company leverages data, software and online tools tailored to the music and entertainment markets, positioning itself as a specialist provider to this niche within the broader technology and media landscape.
Average Trading Volume: 248,717
Technical Sentiment Signal: Sell
Current Market Cap: A$111.2M
For a thorough assessment of VNL stock, go to TipRanks’ Stock Analysis page.