tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

NH3 Clean Energy Director Increases Indirect Shareholding Through Placement Allocation

Story Highlights
  • NH3 Clean Energy director Charles Whitfield boosted his indirect shareholding via new share issuance.
  • The additional 4.7 million shares, issued post-AGM-approved placement, align director interests with equity performance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NH3 Clean Energy Director Increases Indirect Shareholding Through Placement Allocation

Claim 70% Off TipRanks This Holiday Season

Hexagon Energy Materials Ltd. ( (AU:NH3) ) just unveiled an update.

NH3 Clean Energy Limited has disclosed a change in director Charles Whitfield’s relevant interests, reflecting an increase in his indirect shareholding through Drumrock Capital Advisory Limited. Following shareholder approval at the company’s 2025 Annual General Meeting, Whitfield received 4,722,206 fully paid ordinary shares as part of his participation in a capital placement, lifting his indirect holdings from 3,805,948 to 8,528,154 shares while his direct shareholding and performance rights remained unchanged. The issuance, at prices of $0.018 and $0.030 per share for different tranches, underscores alignment between board and shareholder interests by further tying director remuneration and participation to the company’s equity structure without involving any on-market trading during a closed period.

More about Hexagon Energy Materials Ltd.

NH3 Clean Energy Limited operates in the clean energy sector, focusing on technologies and solutions related to ammonia (NH3) as an energy carrier or fuel within the broader renewable and low-emissions energy market.

YTD Price Performance: 438.89%

Average Trading Volume: 1,657,240

Technical Sentiment Signal: Buy

Current Market Cap: A$68.16M

For an in-depth examination of NH3 stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1