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Frontier Digital Ventures Limited (ASX:FDV)

ALERT: Price-sensitive ASX Announcement for FDV
Current share price for FDV : $0.355 -0.075 (-17.44%)+
Announcement
Release
25 Sep 2025 9:53AM
Price at Release
$0.430
Full Release
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Summary
Frontier Digital Ventures Limited announced significant executive leadership appointments with Patrick Grove assuming the role of Executive Chairman and Lucas Elliott as Executive Director. Shaun Di Gregorio, the company's co-founder, will transition from his role as CEO to Non-Executive Director after November 2025. Grove and Elliott will collectively receive a monthly base fee of A$50,000, subject to annual review. The company plans to propose an equity incentive plan for both executives, which if not approved by shareholders, allows for immediate termination of the executive relationship. These changes are aimed at continuing FDV's mission to expand digital marketplaces in emerging markets.
Key Points
  • Patrick Grove appointed as Executive Chairman
  • Lucas Elliott appointed as Executive Director
  • Shaun Di Gregorio transitioning to Non-Executive Director
  • Monthly base fee for Grove and Elliott set at A$50,000
  • Proposed equity incentive plan for executives
  • Focus on expanding digital marketplaces globally
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.