Lindian Resources Limited (AU:LIN) has released an update.
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Lindian Resources Limited has amended the terms of its CEO’s agreement after an inadvertent breach of ASX Listing Rule 10.11, resulting in the cancellation of 7 million performance rights and 1 million shares previously issued to CEO Alwyn Vorster. The new terms include an 18-month fixed term with incentives tied to significant milestones, such as increasing the company’s stock market performance and securing funding for construction projects. This strategic adjustment aims to align leadership goals with shareholder interests as Lindian focuses on its valuable rare earth and bauxite assets.
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