BPM Minerals Limited (ASX:BPM) has disclosed a change in the securities held by director Gregory Smith, following the conversion of options into shares, the lapse of options, the conversion of 2025 performance rights into shares, and the issue of 2026 performance rights across dates in November 2026.

Key Points

  • 732,101 options held by Razorback Ridge Investments Pty Ltd <Greg Smith Super Fund A/C> were exercised at $0.15 per option, converting into 732,101 fully paid shares on 4 November 2026.
  • 317,899 options exercisable at $0.15 on or before 30 October 2026 lapsed, with nil consideration, on 4 November 2026.
  • 750,000 of Gregory Smith's 2025 Performance Rights converted into 750,000 fully paid shares on 3 November 2026, with nil consideration.
  • 3,000,000 2026 Class A, B and C Performance Rights were issued to Gregory Smith on 4 November 2026, as approved at the 2026 AGM, with nil consideration.

Securities Held by Razorback Ridge Investments After Changes

Prior to the changes, Razorback Ridge Investments Pty Ltd <Greg Smith Super Fund A/C>, in which Mr Smith is a director and shareholder, held 1,450,000 fully paid shares and 1,050,000 options exercisable at $0.15 on or before 30 October 2026. Following the exercise of 732,101 options at $0.15 per option and the lapse of 317,899 options, the entity now holds 2,182,101 fully paid shares and no remaining options, according to the filing lodged with the ASX.

Gregory Smith's Direct Holdings Following Performance Rights Activity

Prior to the changes, Gregory Smith directly held 1,500,000 2025 Performance Rights, described in the filing as reflecting an internal movement from the previous Appendix 3Y. On 3 November 2026, 750,000 of those performance rights were converted into 750,000 fully paid shares at nil consideration. On 4 November 2026, 3,000,000 2026 performance rights were issued to Mr Smith as approved at the 2026 AGM, also at nil consideration. Following all changes, Mr Smith directly holds 750,000 fully paid shares and 3,750,000 performance rights.

Closed Period and Contract Interest Disclosures

The filing states that the securities detailed in the notice were not traded during a closed period where prior written clearance was required. Part 2 of the notice, covering changes in the director's interests in contracts, was disclosed as not applicable. The previous director's interest notice for Gregory Smith was dated 6 July 2026. The entity lodging the notice is BPM Minerals Limited, ABN 60 644 263 516, filing under ASX Listing Rule 3.19A.2 and as agent for the director under section 205G of the Corporations Act.