Close the Loop Director Brendan Yee Purchases 1 Million Shares at 2.5 Cents Each on 30 June 2026

Brendan Yee Completes On-Market Purchase of 1 Million CLG Shares at 2.5 Cents

On 30 June 2026, Close the Loop Limited director Brendan Yee acquired 1,000,000 fully paid ordinary shares on market at a price of 2.5 cents per share. The transaction’s total value amounted to $25,000 based on the disclosed price and volume. This purchase was executed through Brendan Yee Pty Ltd ATF Brendan Yee Family Trust, one of several entities through which Yee holds interests in the company.

The acquisition was formally reported via an Appendix 3Y Change of Director's Interest Notice, filed in compliance with ASX Listing Rule 3.19A.2 and Section 205G of the Corporations Act. The notice confirmed that no shares were sold in conjunction with this purchase and that the trade occurred outside any closed period, so no prior board approval was necessary.

Changes in Brendan Yee’s Shareholdings in Close the Loop

Before this transaction, Brendan Yee held 2,325 fully paid ordinary shares directly. His indirect holdings were distributed among three controlled entities: Omniverse Holdings Pty Ltd with 41,064,563 shares; Brendan Yee Pty Ltd ATF Brendan Yee Family Trust holding 7,623,421 shares plus 250,000 unlisted performance rights; and Brendan Yee Pty Ltd with 1,212,121 shares.

Following the purchase, Yee’s direct holding remained at 2,325 shares. His indirect holding via Brendan Yee Pty Ltd ATF Brendan Yee Family Trust increased from 7,623,421 to 8,623,421 fully paid ordinary shares due to the acquisition of one million shares. The other indirect holdings—including the 41,064,563 shares held by Omniverse Holdings Pty Ltd, 1,212,121 shares held by Brendan Yee Pty Ltd, and the 250,000 unlisted performance rights—remained unchanged.

Overview of Brendan Yee’s Controlled Entities and CLG Share Ownership

Brendan Yee’s interests in Close the Loop are held through a layered structure of controlled entities, a common practice among Australian-listed company directors and executives. The primary entities are Omniverse Holdings Pty Ltd, Brendan Yee Pty Ltd ATF Brendan Yee Family Trust, and Brendan Yee Pty Ltd—all described as controlled by Yee in the notice. The family trust structure is typically used for investment and estate planning purposes.

After this transaction, Yee’s combined indirect holdings across these entities total approximately 51 million fully paid ordinary shares, alongside 250,000 unlisted performance rights held through the family trust. His direct holding of 2,325 shares constitutes a small fraction of his overall economic exposure. The substantial indirect shareholdings and performance rights suggest a strong alignment of his financial interests with those of Close the Loop shareholders.

Insights from the 2.5 Cent Share Purchase Price

The on-market purchase price of 2.5 cents per share reflects the level at which Yee was willing to increase his stake on 30 June 2026. This price provides market participants with a benchmark indicating where an informed insider with direct company knowledge chose to invest. Unlike option exercises or other non-cash transactions, this purchase involved an actual cash outlay by the director or his trust.

The immediate effect of this transaction on the share price was not publicly disclosed. Nonetheless, on-market purchases by directors are closely observed by retail and institutional investors as one factor in assessing market sentiment. The 2.5 cent price will be noted as a potential reference point for future discussions about CLG’s valuation, though investors should recognize that director purchases alone do not guarantee future stock performance.

Trade Conducted Outside Closed Period Restrictions

The Appendix 3Y filing confirmed that the shares were not traded during any closed period requiring prior board clearance. ASX Listing Rules and the Corporations Act impose trading restrictions on directors during specified periods—typically surrounding financial results or material non-public information—to prevent insider trading.

This confirmation indicates the trade took place during an open trading window, consistent with the company’s securities trading policy. This compliance detail reassures investors that the transaction adhered to regulatory requirements. No interests in contracts were disclosed, with all related fields marked as not applicable.

Close the Loop’s Business Focus and Significance of Director Confidence

Close the Loop Limited is an ASX-listed company specializing in the circular economy, focusing on the collection, reuse, and recycling of consumable products and packaging. Operating across multiple segments and regions, it provides end-of-life product management and resource recovery services. Its business model is driven by sustainability-related demand from corporate clients aiming to meet environmental, social, and governance (ESG) goals.

Director share purchases in sustainability and circular economy firms are often interpreted by investors as expressions of confidence in the company’s strategic direction and commercial prospects. While this single on-market purchase does not constitute an official earnings or guidance update, it aligns Brendan Yee’s financial interests more closely with those of other CLG shareholders. Investors may anticipate further company updates providing insights into operational performance and near-term outlook.

Brendan Yee’s Role and Disclosure History at Close the Loop

The company update notes that Brendan Yee’s last director’s interest notice was filed on 4 February 2026, making this 30 June 2026 transaction his first disclosed change in shareholding since then. Filing an Appendix 3Y is a regulatory requirement for ASX-listed company directors whenever their relevant interests in company securities change through buying, selling, exercising options, or other means.

As a director, Yee’s trading activity is subject to continuous disclosure obligations to ensure all market participants receive timely information about insider holdings. The approximately five-month interval since his last notice indicates no intervening trades, rendering this purchase a notable event in his recent activity record.

Investor Implications of the CLG Director Share Acquisition

This transaction adds to the public record of director share movements at Close the Loop, providing a data point on where an insider was willing to transact at current market prices. The $25,000 consideration—derived from one million shares at 2.5 cents each—is modest in absolute terms but significant as a discretionary on-market purchase by a director fully informed about the company’s affairs.

Investors may watch for upcoming operational updates, quarterly reports, or financial results from Close the Loop that could shed light on the company’s performance relative to the price at which Yee chose to buy. As always, director buying is one factor among many to consider when evaluating a listed security and should be weighed alongside financial health, competitive landscape, and broader market conditions. The next key event for Close the Loop will be any formal company announcements addressing trading conditions or strategic developments.