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Killi Resources Director Boosts Shareholding Through Performance Rights Conversion

Story Highlights
  • Director Neville Joseph Power converted 7,000,000 performance rights into ordinary shares, increasing his indirect stake in Killi Resources.
  • Following the non-cash conversion, Power now holds 15,955,000 ordinary fully paid shares indirectly, with no closed-period trading issues reported.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Killi Resources Director Boosts Shareholding Through Performance Rights Conversion

Meet Samuel – Your Personal Investing Prophet

Killi Resources Limited ( (AU:KLI) ) just unveiled an announcement.

Killi Resources Limited has reported a change in the holdings of director Neville Joseph Power, reflecting the conversion of performance rights into ordinary fully paid shares. The transaction was executed through Myube Investments Pty Ltd as trustee for the Myube Trust, in which Power is a director and shareholder.

Following the conversion of 7,000,000 performance rights expiring in March 2029 into ordinary shares, Power’s indirect interest increased to 15,955,000 ordinary fully paid shares. The company stated that there was no cash consideration involved in the transaction, and the change did not occur during a closed period requiring prior written clearance.

More about Killi Resources Limited

Killi Resources Limited is an Australian-listed resources company focused on mineral exploration and development. The company’s activities centre on identifying and advancing prospective mining projects, positioning it within the broader mining and exploration sector.

Average Trading Volume: 1,230,915

Technical Sentiment Signal: Buy

Current Market Cap: A$39.28M

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

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