Mindax Limited Plans Director Options Incentive

Mindax Limited (AU:MDX) has released an update.

Mindax Limited has announced the proposed issuance of options to its directors, with each option allowing the holder to purchase a share at an exercise price of 7 cents until the expiry date on 30 November 2025. These options are transferable and do not carry rights to participate in future capital issues, although adjustments will be made in the event of capital reorganizations. The move aims to incentivize the company’s leadership as part of a deferred taxation scheme in compliance with Australian tax laws.

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