Basin Energy Ltd (ASX:BSN) has disclosed a change in the relevant interests of director Andrew Moorhouse, following the lapse of 2,000,000 performance rights on 2 November 2026, reducing his total performance rights holding from 5,000,000 to 3,000,000.

Key Points

  • Director Andrew Moorhouse held 5,000,000 performance rights prior to the change on 2 November 2026.
  • 2,000,000 performance rights lapsed, described in the filing as the lapse of 2023 performance rights, with nil consideration received.
  • Following the change, Moorhouse holds 3,000,000 performance rights and 749,725 fully paid ordinary shares.
  • The interests are held directly, with no indirect interest disclosed.
  • The filing confirms the interests were not traded during a closed period.

Director's Performance Rights Holdings After Lapse

According to the Appendix 3Y filing lodged with the ASX, Andrew Moorhouse's direct holding of performance rights decreased from 5,000,000 to 3,000,000 following the lapse of 2,000,000 performance rights. The nature of the change is recorded as the lapse of 2023 performance rights. No consideration was received in connection with the lapse. Moorhouse's holding of 749,725 fully paid ordinary shares in Basin Energy Ltd remained unchanged. The filing was submitted under listing rule 3.19A.2 and for the purposes of section 205G of the Corporations Act.

Nature of the Change and Transaction Date

The filing records the date of change as 2 November 2026, with the previous director's interest notice dated 27 October 2025. The disposal of 2,000,000 performance rights is categorised as a lapse rather than an on-market or off-market trade, and the value or consideration attributed to the transaction is nil. No acquisitions of securities were recorded in connection with this notice. The filing also confirms that no interests in contracts changed as part of this disclosure, with Part 2 of the Appendix 3Y returning no applicable details.

Closed Period Confirmation for Basin Energy Director Notice

The filing states that the interests in securities detailed in the notice were not traded during a closed period where prior written clearance was required. Basin Energy Ltd is the named entity, with ACN 655 515 110. The Appendix 3Y Change of Director's Interest Notice is a standard disclosure required under ASX listing rules when a director's relevant interests in securities change. No changes to Part 2 contract interests were reported, and the nature of the indirect interest field was recorded as not applicable in the notice.