Neometals Ltd (AU:NMT) has released an update.
Neometals Ltd has granted 1,066,459 performance rights to its Non-Executive Directors as part of the company’s Performance Rights Plan, which were approved by shareholders. These rights, based on the directors’ fees and the average market price of the company’s shares, will convert into shares at no cost if vested by June 2025. The grant is part of Neometals’ efforts to align the interests of the directors with those of the shareholders and to incentivize the company’s sustainable growth in the critical materials sector.
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