Elixir Energy Director Trims Indirect Shareholding in Routine On-Market Trade

Elixir Energy Limited ( (AU:EXR) ) has shared an update.

Elixir Energy has disclosed a change in the relevant interests of director Richard Cottee, primarily involving indirect holdings through superannuation and family entities. The filing indicates that Cottee’s indirect interest via Mamdal Pty Ltd was reduced by 150,000 fully paid ordinary shares through an on-market sale at $0.14 per share, while his direct holding of 3,000,000 unlisted options remains unchanged.

Following the transaction, Cottee’s indirect holdings stand at 12,752,240 shares via Namdal Superannuation Pty Ltd and 7,350,000 shares via Mamdal Pty Ltd, preserving a substantial overall equity exposure. The company reported no associated changes in contractual interests, suggesting this is a routine portfolio adjustment rather than a shift in strategic alignment or governance structure.

More about Elixir Energy Limited

Elixir Energy Limited is an energy company listed on the ASX, engaged in the exploration and development of energy assets. The company’s securities include fully paid ordinary shares and unlisted options held by directors and related entities, reflecting a typical ownership structure in the Australian small-cap energy sector.

Average Trading Volume: 8,400,486

Technical Sentiment Signal: Buy

Current Market Cap: A$280.2M

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