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Melbana Energy Limited ( (AU:MAY) ) just unveiled an announcement.
Melbana Energy Limited has updated the market on a change in the interests of director Andrew Purcell, detailing the issue of 28,035,764 performance rights. These securities were granted as non-cash consideration following shareholder approval at the company’s November 2025 annual general meeting.
Following the change, Purcell now holds the newly issued performance rights directly, in addition to his existing 245,394,215 fully paid ordinary shares held indirectly. The notification confirms the securities were issued under an approved remuneration structure and not traded during any closed period, providing transparency around director alignment with shareholder interests.
More about Melbana Energy Limited
Melbana Energy Limited is an Australian oil and gas company focused on exploration and development activities. The company is listed on the ASX and operates through equity securities such as fully paid ordinary shares and performance rights issued to directors and other stakeholders.
Technical Sentiment Signal: Sell
Current Market Cap: A$30.26M
Find detailed analytics on MAY stock on TipRanks’ Stock Analysis page.