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Strike Energy Director’s 7 Million Unlisted Options Lapse on Expiry

Story Highlights
  • Director John Poynton’s 7 million unlisted options have expired unexercised and been cancelled.
  • After the option lapse, Poynton’s indirect holdings are solely ordinary shares, with existing margin loan security unchanged.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Strike Energy Director’s 7 Million Unlisted Options Lapse on Expiry

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Strike Energy Limited ( (AU:STX) ) has issued an update.

Strike Energy Limited has reported a change in the interests of director John Poynton, with the expiry and cancellation of 7 million unlisted options that were previously held indirectly via Cliffway Pty Ltd and carried an exercise price of $0.40. Following the lapse of these options without exercise, Poynton’s indirect interests now consist solely of fully paid ordinary shares, including those held under HSBC Custody Nominees (Australia) Ltd, while there has been no change to the separate margin lending facility secured over shares held by Mulloway Pty Ltd, indicating a simplification of his equity exposure without altering existing security arrangements.

The most recent analyst rating on (AU:STX) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Strike Energy Limited stock, see the AU:STX Stock Forecast page.

More about Strike Energy Limited

Strike Energy Limited is an Australian-listed energy company focused on the exploration and development of natural gas assets. Its activities centre on securing and commercialising gas resources to supply domestic energy markets, positioning the company within the broader oil and gas and energy infrastructure sector.

Average Trading Volume: 4,606,121

Technical Sentiment Signal: Sell

Current Market Cap: A$377.9M

For an in-depth examination of STX stock, go to TipRanks’ Overview page.

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