Far Northern Resources Limited (ASX:FNR) has disclosed a change in the director's interest of Matthew Bashford, following the grant of 1,500,000 unlisted options at the company's 2026 Annual General Meeting, according to a filing lodged with the exchange.

Key Points

  • Director Matthew Bashford was granted 1,500,000 unlisted 25-cent options expiring 9 November 2028, issued for nil consideration
  • The options were granted following shareholder approval at the 2026 AGM, with the date of change recorded as 9 November 2026
  • Prior to the change, Bashford held 105,645 fully paid ordinary shares indirectly through the Matthew Bashford Trust
  • After the change, Bashford holds 105,645 fully paid ordinary shares indirectly and 1,500,000 unlisted options directly

Options Grant Details for Director Matthew Bashford

According to the filing, Matthew Bashford received 1,500,000 unlisted options with an exercise price of 25 cents, expiring on 9 November 2028. The options were issued for nil consideration and are held personally by Mr Bashford. The nature of the change was described in the filing as options granted following shareholder approval at the 2026 AGM. The date of the last director's interest notice for Bashford was recorded as 10 November 2026, with the date of this change noted as 9 November 2026.

Securities Held Before and After the Change

Prior to the change disclosed in the filing, Matthew Bashford held 105,645 fully paid ordinary shares. These shares are held indirectly through the Matthew Bashford Trust, in which Mr Bashford is both the trustee and a beneficiary. Following the grant of options, Bashford's disclosed holdings comprise 105,645 fully paid ordinary shares held indirectly via the Trust, and 1,500,000 unlisted options held directly in his personal name. No securities were disposed of as part of this transaction.

Closed Period and Contract Interest Disclosures

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. No changes to director's interests in contracts were reported, with the filing recording "NA" across all relevant fields in Part 2 of the Appendix 3Y form. Far Northern Resources Limited holds ABN 89 621 686 701. The disclosure was made under ASX Listing Rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.