Cooper Metals Limited (ASX:CPM) has disclosed a change in the relevant interests of director Michael Frayne, following an on-market purchase of 24,694 fully paid ordinary shares on 9 November 2026 for consideration of $1,777.97, held through his associated entity Chulu Holdings Pty Ltd.

Key Points

  • Director Michael Frayne acquired 24,694 fully paid ordinary shares on 9 November 2026 via an on-market purchase
  • Total consideration paid for the acquired shares was $1,777.97
  • The shares are held indirectly through Chulu Holdings Pty Ltd, a company associated with Mr Frayne
  • Following the transaction, Chulu Holdings Pty Ltd holds 4,082,954 fully paid ordinary shares in Cooper Metals
  • The transaction did not occur during a closed period requiring prior written clearance

Transaction Details and Registered Holder

According to the filing lodged under ASX Listing Rule 3.19A.2, the securities were acquired indirectly through Chulu Holdings Pty Ltd, operating under the Chulu account, a company associated with director Michael Frayne. The nature of the change was an on-market purchase. No securities were disposed of as part of this transaction. Mr Frayne also separately holds one fully paid ordinary share in his own name, a position that remained unchanged following the transaction recorded on 9 November 2026.

Securities Held Before and After the Change

Prior to the transaction, Chulu Holdings Pty Ltd held 4,058,260 fully paid ordinary shares in Cooper Metals. Following the acquisition of 24,694 shares, the holding increased to 4,082,954 fully paid ordinary shares. In addition to ordinary shares, Chulu Holdings Pty Ltd continues to hold 160,000 listed options exercisable at $0.25 expiring 24 November 2026, 750,000 Performance Rights (Class A, B and C), 1,750,000 unlisted options exercisable at $0.10 expiring 20 July 2029, and 1,500,000 Director Performance Rights expiring 20 July 2029.

Closed Period and Compliance Disclosure

The filing states that the interests in securities detailed in the notice were not traded during a closed period in which prior written clearance was required. As a result, the questions regarding prior written clearance and the date of any such clearance were recorded as not applicable. The date of the previous director's interest notice for Michael Frayne was disclosed in the filing as 9 November 2026, which corresponds with the date of the current transaction being reported.