AUS
NZ
UK
CA
USA
IND
Mark Tomlinson, a director of BOA Resources Limited (ASX:BOA), has expanded his indirect stake in the company by acquiring a total of 1,611,129 fully paid ordinary shares through two on-market transactions conducted on 26 June and 29 June 2026. These purchases, made via the Tomlinson super fund account registered under Mrs Naomi Majella Kelly and Mr Mark Tomlinson, amounted to approximately $108,776.79 in combined value. Following these acquisitions, Tomlinson's indirect shareholding in BOA Resources has risen from 3,000,000 to 4,611,129 shares. Such significant director buying activity often attracts investor attention as a potential indicator of insider confidence in the company’s future prospects.
Key Points
- Company: BOA Resources Limited (ASX:BOA)
- Director Mark Tomlinson executed two on-market purchases on 26 June and 29 June 2026
- First acquisition: 336,129 shares at $21,649.89; second acquisition: 1,275,000 shares at $87,126.90
- Total shares acquired: 1,611,129, increasing Tomlinson’s indirect holding to 4,611,129 shares
- Shares were purchased through the Tomlinson Super Fund as an indirect interest; no disposals occurred
- Market participants may watch for additional director buying activity in the near term
Details of Mark Tomlinson’s On-Market Share Acquisitions on 26 and 29 June 2026
According to the ASX announcement, BOA Resources director Mark Tomlinson completed two separate on-market purchases of fully paid ordinary shares in late June 2026. The initial transaction on 26 June 2026 involved acquiring 336,129 shares for $21,649.89. Subsequently, on 29 June 2026, Tomlinson purchased an additional 1,275,000 shares valued at $87,126.90.
Both transactions were executed on-market, meaning they occurred through standard trading on the ASX rather than via private placements, option exercises, or off-market deals. There were no disposals associated with these acquisitions, indicating a straightforward increase in shareholding.
Shares Held Indirectly Through the Tomlinson Super Fund
The shares obtained in these transactions are held indirectly by Mark Tomlinson through the Tomlinson Super Fund account, registered in the names of Mrs Naomi Majella Kelly and Mr Mark Tomlinson. This arrangement signifies that while the beneficial ownership lies with Tomlinson, the legal registered holder is the superannuation fund entity rather than Tomlinson personally.
Such indirect holdings via superannuation funds are common among Australian company directors. Australian corporations law mandates disclosure of these interests under the Corporations Act 2001 and ASX Listing Rule 3.19A.2. The company confirmed that these transactions were not conducted during a closed period, so no prior written clearance was necessary.
Increase in Indirect Shareholding from 3 Million to 4.61 Million Shares
Before these transactions, Mark Tomlinson’s indirect interest in BOA Resources stood at 3,000,000 fully paid ordinary shares. After acquiring 336,129 shares on 26 June and 1,275,000 shares on 29 June, his indirect holding rose to 4,611,129 shares, marking an approximate 53.7% increase.
This represents a significant rise in Tomlinson’s exposure to the company within a short two-day period. The total amount invested across both transactions was $108,776.79. The company did not provide any statements from Tomlinson explaining the motivation behind these purchases in the update.
Estimated Share Prices Based on Transaction Values
Although the per-share prices were not explicitly disclosed, the consideration amounts allow for estimated calculations. The 336,129 shares purchased on 26 June at $21,649.89 imply a price near $0.0644 per share. The 1,275,000 shares bought on 29 June at $87,126.90 suggest a price of approximately $0.0683 per share.
These figures indicate the trades occurred at slightly different prices over the two trading days, consistent with normal market price fluctuations. The immediate effect of these purchases on BOA Resources’ share price was not evident from publicly available information at the time of reporting.
Previous Director’s Interest Disclosure Filed on 22 January 2026
The company’s update notes that Tomlinson’s last director’s interest notice was dated 22 January 2026, indicating no changes in his shareholding were reported between that date and the late June transactions. This suggests Tomlinson did not engage in any share transactions in BOA Resources during this intervening period.
Under ASX Listing Rules, directors must notify the exchange within five business days of any changes to their relevant interests in securities. The combined lodgement of notices for the 26 June and 29 June trades aligns with standard practice when multiple transactions occur in close succession.
No Changes Reported in Director’s Contractual Interests
Part 2 of the Appendix 3Y form, which covers changes in a director’s interests in contracts such as derivatives or other financial instruments linked to the company’s securities, was marked not applicable. This confirms Tomlinson’s increased exposure is solely through direct equity share acquisitions, without any accompanying changes in contract-based interests.
The absence of contract-based changes means the entire increase in Tomlinson’s stake is reflected in the share purchases detailed in Part 1 of the notice. Investors can interpret this as a straightforward on-market equity accumulation without additional complexity from derivatives or similar instruments.
Compliance with Closed Period Trading Restrictions Confirmed
The Appendix 3Y notice explicitly states that the shares were not traded during any closed period requiring prior written clearance. ASX Listing Rules and typical company securities trading policies restrict directors from trading during blackout periods, usually surrounding financial results releases or other material disclosures.
This confirmation indicates both purchases occurred during an open trading window, fully complying with BOA Resources’ securities trading policy. Such disclosures provide important regulatory transparency regarding the timing and legality of the transactions.
Investor Implications of Director Share Purchases
Director share acquisitions, particularly on-market purchases funded personally or through superannuation assets, are often monitored by retail and institutional investors as potential indicators of board confidence in a company’s outlook. Tomlinson’s addition of over 1.6 million shares may be viewed by market participants as a positive signal regarding BOA Resources’ near- or medium-term prospects.
However, it is essential to recognize that director purchases do not constitute investment advice or guarantee future results. Investors should consider these transactions alongside all publicly available company information. Observers may watch for further director interest disclosures or company updates that provide additional context for Tomlinson’s share acquisitions. No forward-looking statements or guidance accompanied this company announcement.
About BOA Resources Limited
BOA Resources Limited is an Australian publicly listed company on the ASX under ticker BOA, with ABN 29 149 582 687. This update was lodged in compliance with ASX Listing Rule 3.19A.2 and section 205G of the Corporations Act 2001, which regulate directors’ disclosure obligations regarding changes in relevant interests.
The company did not release further operational or financial details alongside this director’s interest notice. Investors seeking more information about BOA Resources’ projects, financial status, or strategy should consult the company’s latest ASX announcements, investor presentations, and financial reports available on the ASX website.
