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Austin Engineering Limited ( (AU:ANG) ) has provided an announcement.
Austin Engineering Limited announced the vesting of 1,050,000 options granted to its Chief Operating Officer, Mr. Vincent D’Rozario, following the fulfillment of retention and share price performance conditions. These options, part of the company’s Incentive Option Plan, can be exercised into shares at a price of $0.35 by April 2026, reflecting Austin’s commitment to incentivizing its leadership team and aligning their interests with company performance.
More about Austin Engineering Limited
Austin Engineering is a global engineering company specializing in innovative solutions for mining operations. It is a market leader in designing and manufacturing loading and hauling solutions, with a product range that includes dump truck bodies, buckets, and water tanks. The company supports both open-cut and underground mining operations, offering repair, maintenance, and spare parts services. Headquartered in Perth, Austin operates worldwide, serving major mining sites directly and through local partners.
YTD Price Performance: 40.62%
Average Trading Volume: 2,510
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $205.3M
Learn more about ANG stock on TipRanks’ Stock Analysis page.
