Antipa Minerals Ltd (ASX:AZY) has disclosed that two directors, Mark Trevor Rodda and Stephen Michael Power, each exercised unlisted options at $0.36 per option on 13 November 2026, converting their holdings into fully paid ordinary shares, according to Change of Director's Interest Notices lodged with the exchange.

Key Points

  • Director Mark Trevor Rodda exercised 1,200,000 unlisted options at $0.36 each, for total consideration of $432,000, via Sodelu Pty Ltd as trustee for the Sodelu Trust.
  • Director Stephen Michael Power exercised 900,000 unlisted options at $0.36 each, for total consideration of $324,000, via Freyco Pty Ltd as trustee for the Eugene Trust.
  • Both exercises occurred on 13 November 2026, the expiry date of the options concerned, which were exercisable on or before 10 November 2026 as stated in the prior holdings and on or before 10 November 2026 per the filing.
  • Neither transaction occurred during a closed period requiring prior written clearance, according to both notices.

Mark Rodda's Option Exercise and Revised Shareholding

Following the exercise, Sodelu Pty Ltd as trustee for the Sodelu Trust holds 3,024,519 fully paid ordinary shares in Antipa Minerals, up from 1,824,519 prior to the transaction. The 1,200,000 options exercisable at $0.36 each, which were due on or before 10 November 2026, have been extinguished. Rodda's remaining options held through the Sodelu Trust consist of 1,200,000 options exercisable at $0.23 each on or before 16 November 2027, 1,350,000 options exercisable at $0.35 each on or before 25 November 2028, and 1,350,000 options exercisable at $0.86 each on or before 24 November 2029. Napier Capital Pty Ltd and the Murphy Rodda Superannuation Fund holdings remain unchanged at 158,653 and 1,924,827 shares respectively.

Stephen Power's Option Exercise and Revised Shareholding

Following the exercise, Freyco Pty Ltd as trustee for the Eugene Trust holds 7,682,339 fully paid ordinary shares, up from 6,782,339 prior to the transaction. The 900,000 options exercisable at $0.36 each, due on or before 10 November 2026, have been extinguished. Power's remaining options held through the Eugene Trust consist of 900,000 options exercisable at $0.23 each on or before 16 November 2027, 600,000 options exercisable at $0.35 each on or before 25 November 2028, and 600,000 options exercisable at $0.86 each on or before 24 November 2029. Napier Capital Pty Ltd continues to hold 158,653 fully paid ordinary shares on Power's behalf.

Nature of Transactions and Closed Period Status

Both filings confirm the nature of the change as the exercise of unlisted options at $0.36 each. The consideration disclosed for Rodda's exercise was $432,000 and for Power's exercise was $324,000. Both notices confirm the interests were not traded during a closed period where prior written clearance was required. The date of the last notice for both directors was recorded as 7 July 2026. Both notices were lodged under ASX Listing Rule 3.19A.2 and section 205G of the Corporations Act.