Macro Metals Director Simon Rushton Boosts Indirect Stake With Major Share and Rights Issue

The latest update is out from Kogi Iron Ltd. ( (AU:M4M) ).

Macro Metals Limited has disclosed a substantial change in the indirect interests of director Simon Rushton following shareholder approvals at the company’s 27 November 2025 annual general meeting. Through Venture Capital Holdings (WA) Pty Ltd, Rushton’s indirect holding has increased by 175 million fully paid ordinary shares to a total of 300 million shares, alongside existing unlisted options, and he has also been issued 240 million performance rights with an estimated value of $1.92 million, while his separate indirect holding via Turtle Bay (WA) Pty Ltd remains unchanged. The new securities were issued as consideration linked to the exercise of the Rusty Option and other AGM-approved arrangements, significantly increasing Rushton’s economic exposure to Macro Metals and further aligning his interests with those of shareholders.

More about Kogi Iron Ltd.

Macro Metals Limited is an Australian-listed resources company operating in the metals and mining sector. The company’s securities include fully paid ordinary shares, unlisted options and performance rights, reflecting a typical capital structure for an exploration or development-stage mining business focused on funding and advancing its projects.

Technical Sentiment Signal: Sell

Current Market Cap: A$30.24M

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