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Wildcat Director Increases Equity Stake Through Option Exercise

Story Highlights
  • Director Matthew Banks exercised options to acquire 9 million new Wildcat shares.
  • His indirect holding via Rock the Polo Pty Ltd rose to over 42.5 million shares, boosting his equity stake.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Wildcat Director Increases Equity Stake Through Option Exercise

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Wildcat Resources Ltd. ( (AU:WC8) ) has provided an announcement.

Wildcat Resources Ltd. has disclosed a change in the indirect shareholding of director Matthew Ian Banks through his beneficial interest in Rock the Polo Pty Ltd and associated accounts. Banks exercised a series of unlisted options, acquiring 9 million fully paid ordinary shares for a consideration of $675,000 and simultaneously cancelling 9 million unlisted options across three exercise price tranches. Following the transaction, his indirect holding via Rock the Polo Pty Ltd increased to 42,546,610 fully paid ordinary shares, while his existing direct and other indirect holdings and performance rights remain in place, signalling a greater equity commitment by the director to the company.

The most recent analyst rating on (AU:WC8) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Wildcat Resources Ltd. stock, see the AU:WC8 Stock Forecast page.

More about Wildcat Resources Ltd.

Average Trading Volume: 6,393,484

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$429.6M

See more data about WC8 stock on TipRanks’ Stock Analysis page.

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