Macro Metals Director Tolga Kumova Increases Indirect Shareholding via Fee Shares and Placement

Kogi Iron Ltd. ( (AU:M4M) ) has shared an update.

Macro Metals Limited has disclosed changes to the indirect interests of director Tolga Kumova, reflecting an increase in his holdings through associated entities Kitara Investments Pty Ltd and Gondwana Investment Group Pty Ltd. Kumova received 6,992,754 new shares issued in lieu of $60,000 in director fees and a further 44,431,428 shares issued to Gondwana Investment Group under a previously announced placement, taking his total indirect stake to more than 406 million shares along with existing unlisted options. The transactions, all approved by shareholders at the November 2025 AGM, underscore both the director’s growing equity exposure and the company’s reliance on equity-based compensation and capital raisings to fund its activities, aligning director incentives more closely with shareholder outcomes.

More about Kogi Iron Ltd.

Macro Metals Limited is an Australia-listed resources company operating in the metals and mining sector. The company’s securities include fully paid ordinary shares and various classes of unlisted options, reflecting a typical capital structure for junior and mid-tier miners seeking equity funding for exploration and development activities.

Technical Sentiment Signal: Sell

Current Market Cap: A$30.24M

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