Locksley Director Exercises Options to Lift Equity Stake

Locksley Resources Limited ( (AU:LKY) ) has shared an update.

Locksley Resources has disclosed a change in director Bevan Tarratt’s indirect interests, following the exercise of unlisted options held via Vanguard Superannuation Pty Ltd. Tarratt converted 1,386,089 options, exercisable at $0.10 each, into the same number of fully paid ordinary shares for total consideration of $138,608.90.

As a result of the transaction, Tarratt’s associated entity now holds 10,886,089 fully paid ordinary shares, along with existing Class B and Class C performance rights. The move increases his equity stake while eliminating the corresponding options, marginally tightening the company’s option overhang and aligning the director’s interests more closely with ordinary shareholders.

The most recent analyst rating on (AU:LKY) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Locksley Resources Limited stock, see the AU:LKY Stock Forecast page.

More about Locksley Resources Limited

Locksley Resources Limited is an Australia-listed company, with its securities traded on the ASX. The company’s capital structure includes fully paid ordinary shares, unlisted options and performance rights, which are often held indirectly by directors through associated entities or superannuation vehicles.

Average Trading Volume: 5,915,902

Technical Sentiment Signal: Hold

Current Market Cap: A$63.75M

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