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Provaris Director’s Option Expiry Trims Unlisted Holdings

Story Highlights
  • Provaris director David Palmer saw 625,000 unlisted options lapse, reducing his derivative holdings.
  • Palmer retains over 7.2 million shares and 3 million performance rights after the routine option expiry.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Provaris Director’s Option Expiry Trims Unlisted Holdings

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Provaris Energy Ltd ( (AU:PV1) ) has shared an announcement.

Provaris Energy Ltd has reported a change in director David Palmer’s interests following the expiry of a tranche of his unlisted options. Palmer’s 625,000 unlisted options (PV1AC) lapsed on 1 March 2026 without consideration, leaving his holdings unchanged in fully paid ordinary shares and performance rights but reducing his total unlisted options.

The update, lodged under ASX listing rule 3.19A.2, confirms Palmer now holds 7,245,455 fully paid ordinary shares, 166,666 remaining unlisted options (PV1AP), and 3,000,000 performance rights. The company noted there were no related trades during a closed period and no changes to any contracts linked to the director’s interests, framing the event as a routine expiry rather than an active disposal.

The most recent analyst rating on (AU:PV1) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Provaris Energy Ltd stock, see the AU:PV1 Stock Forecast page.

More about Provaris Energy Ltd

Provaris Energy Ltd is an Australian-listed company operating in the energy sector. The firm focuses on developing and commercialising energy projects, with its securities traded on the ASX and its governance and disclosures regulated under Australian corporate and listing rules.

YTD Price Performance: -21.43%

Average Trading Volume: 832,067

Technical Sentiment Signal: Sell

Current Market Cap: A$9.88M

Learn more about PV1 stock on TipRanks’ Stock Analysis page.

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