Helix Resources Limited (ASX:HLX) has disclosed a change in the relevant interests of director Michael George Frederick Povey, following the issue of placement shares and options approved at the company's October 2026 extraordinary general meeting, with the transaction recorded on 3 November 2026.

Key Points

  • Director Michael George Frederick Povey acquired 2,500,000 fully paid ordinary shares at $0.04 per share on 3 November 2026.
  • Povey also received 2,500,000 unlisted options exercisable at $0.06 on or before 4 November 2028, at nil consideration.
  • The securities were issued as director placement shares and options approved at the October 2026 extraordinary general meeting.
  • Following the change, Acta Investment Group Pty Ltd holds 8,264,493 fully paid ordinary shares and 2,500,000 unlisted options in Helix Resources.

Nature and Structure of the Director's Interest Change

The securities were acquired indirectly through Acta Investment Group Pty Ltd, in which Povey is both a director and shareholder. The transaction comprised the issue of 2,500,000 fully paid ordinary shares at a consideration of $0.04 each, and 2,500,000 unlisted options exercisable at $0.06 on or before 4 November 2028, issued for nil consideration. No securities were disposed of as part of this transaction. The filing confirms the interests were not traded during a closed period requiring prior written clearance.

Director's Full Holdings Across Associated Entities After Change

Following the transaction, Povey's indirect holdings span three entities. Through Nuevo Royalty Limited, where he is also a director and shareholder, Povey holds 20,075,629 fully paid ordinary shares and 2,173,079 options exercisable at $0.07 on or before 10 September 2027. Through Acta Investment Group Pty Ltd, holdings now stand at 8,264,493 fully paid ordinary shares and 2,500,000 unlisted options exercisable at $0.06 on or before 4 November 2028. Through Minman Pty Ltd, Povey holds 5,000,001 2025 Performance Rights.

Securities Held Prior to the 3 November 2026 Transaction

Prior to the change, Acta Investment Group Pty Ltd held 5,764,493 fully paid ordinary shares in Helix Resources and no options of the new class. Nuevo Royalty Limited held 20,075,629 fully paid ordinary shares and 2,173,079 options exercisable at $0.07 on or before 10 September 2027. Minman Pty Ltd held 5,000,001 2025 Performance Rights. The date of the last director's interest notice for Povey was recorded as 30 June 2026, according to the filing submitted to the ASX.