Horizon Oil Limited (AU:HZN) has released an update.
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Horizon Oil Limited has reported a change in Director Richard Beament’s interest, as per the ASX listing rules. In a recent transaction, Beament disposed of 1,836,000 Share Appreciation Rights (SARs) for a total of AUD 289,125.05, which was settled in cash for personal use. The change leaves Beament with a direct holding of over 6 million ordinary shares and a significant number of Deferred STI Rights, while his spouse retains indirect ownership of additional shares.
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