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Lindian Resources Limited (ASX:LIN)

ALERT: Price-sensitive ASX Announcement for LIN
Current share price for LIN : $0.750 -0.015 (-1.96%)+
Announcement
Release
9 Jun 2026 8:41AM
Price at Release
$0.765
Full Release
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Summary
Lindian Resources Limited announced the cancellation of 13,000,000 performance rights held by Kabunga Holdings Pty Ltd, a nominee of former director and executive chairman Mr Asimwe Kabunga. These rights were initially approved during the annual general meeting on 28 November 2022, and of the 15,000,000 issued, 2,000,000 were already converted into ordinary shares. The cancellation follows a resolution by the Board of Directors and is confirmed through an Appendix 3H. The company is also aware of a potential claim from Mr Kabunga, highlighted in a recent media article, but no formal documentation has been served to date.
Key Points
  • Cancellation of 13,000,000 performance rights held by Kabunga Holdings Pty Ltd.
  • Performance rights were initially approved on 28 November 2022.
  • 2,000,000 of the rights were converted into shares before the cancellation.
  • Board of Directors resolved the cancellation confirmed via Appendix 3H.
  • Potential claim from former director Asimwe Kabunga noted in media.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.