Finder Energy Director Converts Options to Boost Shareholding

Finder Energy Holdings Limited ( (AU:FDR) ) has issued an announcement.

Finder Energy Holdings Limited has reported a change in director Frederick Wehr’s indirect interests in the company’s securities, following the exercise of options held through his related entities. Wehr Advisory Pty Ltd, wholly owned by Mr Wehr, converted 350,000 options into fully paid ordinary shares at a total consideration of A$105,000, increasing its shareholding while eliminating that specific option parcel.

After the transaction, Mr Wehr’s indirect holdings comprise 350,000 fully paid ordinary shares and two remaining tranches of 500,000 options each held via Wehr Advisory, alongside 556,081 fully paid ordinary shares held jointly with Mrs Nicola Wehr. The move modestly reshapes the director’s equity exposure by shifting part of his position from options to ordinary shares, aligning his interests more closely with existing shareholders and marginally increasing the free float of listed stock.

The most recent analyst rating on (AU:FDR) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Finder Energy Holdings Limited stock, see the AU:FDR Stock Forecast page.

More about Finder Energy Holdings Limited

Finder Energy Holdings Limited operates in the energy sector, focusing on oil and gas exploration and development activities. The company’s securities are listed on the ASX, and it uses equity and options-based incentives as part of its capital management and executive remuneration structures.

Average Trading Volume: 789,348

Technical Sentiment Signal: Buy

Current Market Cap: A$277M

For a thorough assessment of FDR stock, go to TipRanks’ Stock Analysis page.