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Jaxsta Limited ( (AU:VNL) ) has issued an announcement.
Vinyl Group Ltd has notified the market of the issue of 3,000,000 unquoted options, exercisable at $0.129 and expiring on 21 April 2026, under an employee incentive scheme. The move strengthens the company’s equity-based remuneration structure, aligning staff incentives with shareholder value and signalling a continued focus on retaining and motivating key personnel during its ongoing growth in the competitive music and entertainment technology space.
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 in the broader music and entertainment technology sector, focusing on digital services and platforms that support artists, labels and industry stakeholders. The company leverages data, software and online tools to enhance the distribution, promotion and commercialisation of music and audio content across global markets.
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.