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Spenda Director Peter Richards’ 40 Million Options Lapse Without Exercise

Story Highlights
  • Spenda reports updated director interests after the expiry of Peter Richards’ options holdings.
  • Forty million unlisted options held directly by Richards lapsed unexercised, reducing his derivative exposure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Spenda Director Peter Richards’ 40 Million Options Lapse Without Exercise

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Spenda Limited ( (AU:SPX) ) has issued an announcement.

Spenda Limited has reported a change in the holdings of director Peter Richards following the expiry of a large tranche of options. The filing discloses his updated direct and indirect interests in ordinary fully paid shares and remaining unlisted options.

A total of 40,000,000 unlisted options held directly by Richards, exercisable at $0.084 and due to expire on 25 February 2026, have lapsed without being exercised. His shareholdings remain unchanged, while his derivative exposure is reduced to an indirect holding of 26,000,000 unlisted options expiring in June 2027.

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

More about Spenda Limited

Spenda Limited is an ASX-listed company, though the provided filing focuses solely on director interests and does not detail the firm’s industry, products or services. No additional information on its market focus or operational activities is included in this notice.

Technical Sentiment Signal: Sell

Current Market Cap: A$16.25M

For detailed information about SPX stock, go to TipRanks’ Stock Analysis page.

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