Pilot Energy director lifts stake via Tier 2 share placement

Pilot Energy Limited ( (AU:PGY) ) has shared an announcement.

Pilot Energy director Alexander Sundich has increased his indirect holding in the company through Pine Street Pty Ltd, acquiring 13,888,889 fully paid ordinary shares at $0.0036 per share. He also received 13,888,889 unlisted options with an exercise price of $0.0036, expiring in February 2027, as attaching options on a one-for-one basis to the new placement shares.

Following the transaction, Sundich’s indirect interest now totals 106,388,889 fully paid ordinary shares and a suite of listed and unlisted options with varying strike prices and maturities. The change arises from the issue of Tier 2 placement shares approved under ASX Listing Rule 10.11, underscoring continued insider participation in Pilot Energy’s equity funding activities and potentially signalling confidence in the company’s capital-raising strategy.

The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.

More about Pilot Energy Limited

Pilot Energy Limited is an Australian-listed company operating in the energy sector. The firm is involved in oil and gas exploration and production, and its securities include fully paid ordinary shares and various listed and unlisted options traded on the ASX.

Average Trading Volume: 152,532

Technical Sentiment Signal: Sell

Current Market Cap: A$42.35M

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