White Cliff Minerals Director John Hancock's Holdings Adjusted Following 20:1 Capital Consolidation on 30 October 2026

Manish Choudhary

10 November 2026 06:17 PM AEDT

White Cliff Minerals Director John Hancock's Holdings Adjusted Following 20:1 Capital Consolidation on 30 October 2026

Image Source: Krish Capital Pty Ltd

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White Cliff Minerals Limited (ASX:WCN) has disclosed a change in director John Hancock's relevant interests in securities, following a 20:1 consolidation of capital that took effect on 30 October 2026, reducing the number of ordinary shares and options held across all classes.

Key Points

Director John Hancock's securities holdings were adjusted on 30 October 2026 as a result of a 20:1 capital consolidation.
Hancock's direct holding of ordinary shares moved from 234,091,551 to 11,704,577 following the consolidation.
No securities were acquired or disposed of; the change arose solely from the consolidation of capital.
Performance rights across Class H, I, J, and K were also consolidated, with Class H and I reduced from 25,000,000 each to 1,250,000 each, and Class J and K from 20,000,000 each to 1,000,000 each.

Capital Consolidation Reduces Ordinary Share Holdings

According to the filing, director John Hancock held 234,091,551 ordinary shares prior to the 20:1 capital consolidation. Following the change on 30 October 2026, his direct holding of ordinary shares stands at 11,704,577. The filing records no acquisition or disposal of securities, and no consideration was exchanged. The last notice for Hancock was dated 14 October 2026. Part 2 of the filing, covering changes in director's interests in contracts, records no relevant changes, with all fields marked not applicable.

Unlisted Options Adjusted Across Multiple Exercise Prices and Expiry Dates

The consolidation affected Hancock's unlisted options across several tranches. Prior to the change, he held 20,525,000 options exercisable at $0.0387 expiring 16 October 2027, which became 1,026,250 options exercisable at $0.774 with the same expiry. Options exercisable at $0.04 expiring 30 June 2028 moved from 10,163,552 to 508,177. Two tranches expiring 27 September 2028, previously at $0.0387 and $0.0587 for 10,000,000 each, became 500,000 options at $0.774 and 500,000 at $1.174 respectively. Two tranches expiring 23 July 2029, formerly 40,000,000 each, became 2,000,000 each at revised exercise prices.

Performance Rights Across Four Classes Consolidated

Hancock's performance rights were also subject to the 20:1 consolidation. His holdings of 25,000,000 Class H performance rights and 25,000,000 Class I performance rights were each reduced to 1,250,000. Class J performance rights decreased from 20,000,000 to 1,000,000, and Class K performance rights similarly moved from 20,000,000 to 1,000,000. The filing confirms that the interests were not traded during a closed period and that no prior written clearance was required or sought in connection with these changes.

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