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East Star Resources Enhances Employee Ownership with New Share Options

Story Highlights
  • East Star Resources grants 8.46 million share options to employees and directors.
  • The option grant aims to boost employee ownership and align interests with company growth.
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East Star Resources Enhances Employee Ownership with New Share Options

East Star Resources ( (GB:EST) ) has issued an update.

East Star Resources has granted 8,458,688 options over new ordinary shares to its employees and directors under its Long Term Incentive Plan. This move, which includes a repricing of previously granted options, aims to strengthen employee ownership and recognize their contributions, potentially enhancing workforce loyalty and aligning interests with the company’s growth objectives.

More about East Star Resources

East Star Resources is a company focused on the discovery and development of copper and gold in Kazakhstan. The company employs three exploration strategies: Volcanogenic Massive Sulphide (VMS) discovery, copper porphyry and epithermal gold exploration, and sediment-hosted copper exploration, supported by local expertise and strategic partnerships.

YTD Price Performance: -21.74%

Average Trading Volume: 2,025,388

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £3.58M

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

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