Delorean Director’s Holdings Surge Post Milestone

Delorean Corporation Ltd (AU:DEL) has released an update.

Delorean Corporation Limited has reported a change in the interests of director Joseph Oliver, disclosing the conversion of 2,278,619 performance shares upon reaching a $5 million EBITDA milestone. The conversion, which took place on September 27, 2024, resulted in an increase of Oliver’s holdings to 47,205,089 ordinary shares, with the transaction valued at a non-cash consideration of $455,723. This change reflects the company’s performance-linked compensation structure and is likely to attract investor attention.

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