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QMines Director Increases Indirect Equity Stake Through Performance Rights Conversion

Story Highlights
  • Director Andrew Sparke increased indirect shareholdings after performance rights conversion.
  • Additional performance rights were issued under shareholder approval, boosting Sparke’s exposure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
QMines Director Increases Indirect Equity Stake Through Performance Rights Conversion

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QMines Ltd. ( (AU:QML) ) just unveiled an announcement.

QMines Limited has disclosed a change in director Andrew Sparke’s indirect holdings following the conversion and issuance of securities tied to his various investment vehicles. Sparke, through Turkey Investments Pty Ltd, Olive Capital Pty Ltd and Sparkle AS Investments Pty Ltd, saw 950,000 performance rights convert into fully paid ordinary shares and was granted a further 17 million performance rights, increasing Turkey’s holdings to 28.44 million shares and 17.95 million performance rights; the changes stem from the achievement of vesting conditions and shareholder-approved performance rights issued at the company’s November 2025 annual meeting, signalling ongoing equity-based alignment of the director’s interests with company performance.

The most recent analyst rating on (AU:QML) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on QMines Ltd. stock, see the AU:QML Stock Forecast page.

More about QMines Ltd.

QMines Limited is an Australian-listed company; the filing does not specify its industry, projects or market focus beyond its status as an ASX-listed entity with ordinary shares and performance rights on issue.

YTD Price Performance: 20.83%

Average Trading Volume: 1,727,530

Technical Sentiment Signal: Hold

Current Market Cap: A$37.03M

For a thorough assessment of QML stock, go to TipRanks’ Stock Analysis page.

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