Sign up
Tech Capital

Fertoz non-executive directors’ stakes now at $3.3 million

Fertoz's non-executives have executed their options.
1539153825_australian-cash.jpg
Options Byass converted went to his super fund

Fertoz Ltd (ASX:FTZ) non-executive director Adrian Byass has exercised a package of more than 60,000 unlisted options and transferred 180,000 shares to a superannuation fund to which he is a beneficiary.

Byass, who is also Plymouth Minerals Ltd’s managing director, converted 64,286 unlisted and expiring options he indirectly held as a Teutonic Investments Pty Ltd director at an 18-cent exercise price.

The $11,571.48 conversion, dated October 5, was followed by his October 8 transfer of 180,000 shares from Teutonic into his Oakwood Super fund.

Byass’ conversion relates to a September 27 announcement from the company that all its non-executive directors would be taking up their unlisted 18-cent options that were expiring on September 29.

READ: Fertoz non-executive directors up stakes to $3.2 million

Super fund Oakwood’s new shares are valued at $14,142.92 using today’s 22-cent last-traded price late this afternoon, with the fund’s upped 632,521-share stake put at $139,154.62 using the same price.

Fertoz’s securities are up 2 cents or 10% so far today after the company secured a rock phosphate stockpile to meet ever-increasing demand from the market.

READ: Fertoz secures stockpile of rock phosphate to help meet growing sales

Byass continues to indirectly hold 34,286 ordinary shares through Byass Family Trust trustee Valiant Equity Management — a stake valued at $7,542.92 million at 22 cents.

Teutonic now holds 12,857 ordinary shares, worth $2,828.54 at 22 cents.

Byass’ indirectly held stake has a $419,526.08 value at the price from 4.10pm market time this afternoon.

Fertoz director Byass is also an executive director of Ironbark Zinc Limited (ASX:IBG) and a non-executive director of Corazon Mining Ltd (ASX:CZN).

READ: Fertoz wins first organic fertiliser order in New Zealand, directors exercise options

Yesterday the company shared news of Byass’ fellow non-executive directors' completion of their exercise of options.

Non-executive director James Alexander Chisholm’s stake is now valued at $2 million today while one his fellow non-executive board members, Boston First Capital Pty Ltd director Stuart Richardson’s, declared indirect stake is sitting at $1.49 million today.

Boston First Capital is a top two shareholder in the company with Fertoz’s founding shareholder Pat Avery.

View full FTZ profile View Profile
View All

Related Articles

© tech Capital 2018

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
Headquartered in London, Tech Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.