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Charger Metals Director Adjusts Indirect Holdings Through Partly Paid Share Conversion

Story Highlights
  • Director Tim Armstrong restructured his indirect stake by converting CHRCA partly paid shares into CHRCB partly paid shares.
  • The change reflects an internal reclassification with some forfeited unpaid shares, leaving his existing unlisted options unchanged.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Charger Metals Director Adjusts Indirect Holdings Through Partly Paid Share Conversion

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The latest update is out from Charger Metals NL ( (AU:CHR) ).

Charger Metals NL has disclosed a change in director Tim Armstrong’s indirect holdings in the company’s partly paid shares and options, as required under ASX listing rules. The transaction involved paying a $0.02 call on existing CHRCA partly paid shares, resulting in the transition of 2,000,000 CHRCA partly paid shares to CHRCB partly paid shares held via Anglesea Holdings Pty Ltd, and the forfeiture of 50,000 unpaid CHRCA shares, while his unlisted options position via KFA Consortium Pty Ltd remains unchanged; the notice signals an internal reclassification and consolidation of the director’s equity position rather than a new on‑market acquisition or disposal.

The most recent analyst rating on (AU:CHR) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Charger Metals NL stock, see the AU:CHR Stock Forecast page.

More about Charger Metals NL

Average Trading Volume: 609,624

Technical Sentiment Signal: Buy

Current Market Cap: A$15.1M

Find detailed analytics on CHR stock on TipRanks’ Stock Analysis page.

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