Lindian Resources Cancels Former Director's Performance Rights
Key points
- Lindian Resources has cancelled 13 million performance rights held by former director
- Kabunga Holdings Pty Ltd, nominee for Mr. Asimwe Kabunga, had 15 million rights
- 2 million rights were converted into shares in 2023
- Company is unaware of any pending claims from former director
Full summary
Lindian Resources Limited (ASX: LIN) announced the cancellation of 13 million performance rights held by Kabunga Holdings Pty Ltd, the nominee for former director and executive chairman Mr. Asimwe Kabunga. These rights were part of a total of 15 million issued following shareholder approval in 2022, with 2 million converted into shares in 2023. The company has not been served with any documentation regarding potential claims from Mr. Kabunga or Kabunga Holdings Pty Ltd and cannot comment further at present.
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