BPM Minerals Limited (ASX:BPM) has disclosed a change in the relevant interests of director Emmanuel Correia, following the conversion of options and performance rights into shares, the lapse of options, and the issue of 3,000,000 new 2026 performance rights, with transactions occurring on 3 and 4 November 2026.

Key Points

  • 587,366 options were exercised at $0.15 per option, converting into 587,366 fully paid shares held indirectly through Recharge Enterprises Pty Ltd <The Emmanuel Correia A/C>
  • 829,301 options exercisable at $0.15 on or before 30 October 2026 lapsed for nil consideration
  • 750,000 2025 Class A Performance Rights were converted into 750,000 fully paid shares for nil consideration on 3 November 2026
  • 3,000,000 2026 Class A, B and C Performance Rights were issued for nil consideration, as approved at the 2026 AGM
  • Following all changes, Correia holds 3,754,033 fully paid shares and 3,750,000 performance rights indirectly through Recharge Enterprises Pty Ltd

Options Exercised and Lapsed on 4 November 2026

According to the filing, on 4 November 2026, 587,366 options held indirectly by director Emmanuel Correia through Recharge Enterprises Pty Ltd <The Emmanuel Correia A/C> were exercised at $0.15 per option, resulting in the issue of 587,366 fully paid shares. On the same date, a further 829,301 options, also exercisable at $0.15 on or before 30 October 2026, lapsed with nil consideration received. Prior to these changes, Correia held 1,416,667 options through the same entity.

Conversion of 2025 Performance Rights into Shares

The filing discloses that on 3 November 2026, 750,000 2025 Class A Performance Rights held indirectly through Recharge Enterprises Pty Ltd <The Emmanuel Correia A/C> were converted into 750,000 fully paid shares for nil consideration. Prior to this conversion, Correia held 1,500,000 2025 Performance Rights through that entity. The filing records this as a conversion of performance rights to shares, with no cash consideration attached to the transaction.

Issue of 2026 Performance Rights Following AGM Approval

Also on 4 November 2026, 3,000,000 2026 Class A, B and C Performance Rights were issued to Correia's indirect holding vehicle, Recharge Enterprises Pty Ltd <The Emmanuel Correia A/C>, for nil consideration. The filing states this issuance was approved at the 2026 AGM. Following all transactions, Correia's indirect holdings stand at 3,754,033 fully paid shares and 3,750,000 performance rights. The filing confirms the interests were not traded during a closed period requiring prior written clearance.