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Norfolk Metals Director Increases Indirect Shareholding via Fee Shares

Story Highlights
  • Norfolk Metals director David Fowler has increased his indirect holding through associated entities via new fully paid ordinary shares.
  • Shareholders approved the nil-consideration issue of 760,209 operator fee shares, boosting Fowler’s indirect stake while complying with ASX rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Norfolk Metals Director Increases Indirect Shareholding via Fee Shares

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Norfolk Metals Ltd. ( (AU:NFL) ) has provided an announcement.

Norfolk Metals Limited has reported a change in the relevant interests of director David Fowler in the company’s fully paid ordinary shares. Fowler’s indirect holding, via associated entities Huemul Investments Pty Ltd and Transcendence Mining Pty Ltd, increased through the issue and allotment of operator fee shares.

The transaction, approved by shareholders at the company’s annual general meeting on 27 November 2025, resulted in Transcendence Mining Pty Ltd (or its nominees) receiving 760,209 new shares at nil cash consideration, lifting Fowler’s indirect interest in one of the holding entities to 1,185,209 shares. The company confirmed the change did not occur during a closed trading period, indicating compliance with ASX governance and disclosure requirements.

More about Norfolk Metals Ltd.

Average Trading Volume: 246,539

Technical Sentiment Signal: Sell

Current Market Cap: A$8.8M

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

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