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Western Yilgarn Director Boosts Equity Exposure Through New Incentive Options

Story Highlights
  • Western Yilgarn director Peter Michael has indirectly acquired 3.75 million new incentive options.
  • The options were granted at no cash cost, strengthening alignment with long-term company performance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Western Yilgarn Director Boosts Equity Exposure Through New Incentive Options

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An update from Pacific Bauxite Limited ( (AU:WYX) ) is now available.

Western Yilgarn NL has reported a change in director Peter Michael’s relevant interests, disclosing the indirect acquisition of additional incentive options through Altona Property Group Pty Ltd, where he serves as a director. Michael received 1,750,000 nil-price incentive options expiring in November 2026 and 2,000,000 incentive options exercisable at $0.20 expiring in November 2028, issued at no cash consideration in connection with his role, which increases his equity-linked exposure and further aligns his incentives with the company’s long-term performance and shareholder interests.

The most recent analyst rating on (AU:WYX) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Pacific Bauxite Limited stock, see the AU:WYX Stock Forecast page.

More about Pacific Bauxite Limited

Western Yilgarn NL is an Australian-listed resources company focused on mineral exploration and development, operating within the broader mining and resources industry. The company’s securities include fully paid ordinary shares and various classes of incentive options and listed options, reflecting a typical capital structure for an exploration-focused entity on the ASX.

Average Trading Volume: 482,620

Technical Sentiment Signal: Sell

Current Market Cap: A$5.35M

Learn more about WYX stock on TipRanks’ Stock Analysis page.

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