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Great Dirt Director Increases Shareholding via Cashless Option Exercise

Story Highlights
  • Great Dirt director Sam Wright has altered his indirect equity holdings through entity Straight Lines Holdings, as disclosed to the ASX.
  • He executed a cashless exercise of 750,000 management options into 457,029 shares, lifting his stake to 707,029 shares plus 125,000 loyalty options.
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Great Dirt Director Increases Shareholding via Cashless Option Exercise

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Great Dirt Resources Ltd ( (AU:GR8) ) has shared an update.

Great Dirt Resources Ltd has disclosed a change in the indirect holdings of director Sam Wright, whose interests are held through Straight Lines Holdings Pty Ltd. The notice confirms compliance with ASX requirements for reporting director share and option dealings, reinforcing transparency around board-level equity positions.

Wright exercised 750,000 management options on a cashless basis, receiving 457,029 ordinary shares valued at $123,398 and subsequently cancelling the options. Following the transaction, his indirect interest stands at 707,029 ordinary shares and 125,000 unlisted loyalty options, modestly increasing his equity stake while simplifying his option holdings.

More about Great Dirt Resources Ltd

Great Dirt Resources Ltd is an Australian-listed company, identified in the filing only as an entity subject to ASX listing rules and the Corporations Act disclosure obligations. The release does not specify its industry, products, or market focus beyond confirming its status as a listed corporate issuer with equity and option securities on issue.

Average Trading Volume: 211,258

Technical Sentiment Signal: Buy

Current Market Cap: A$25.01M

Learn more about GR8 stock on TipRanks’ Stock Analysis page.

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