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Alvo Minerals Limited (ASX:ALV) has submitted two director interest change notices revealing that directors Graeme Michael Slattery and Robert Michael Smakman have adjusted their relevant interests in the company’s securities after a shareholder-approved capital raise completed on 29 May 2026. The notices, dated 26 June 2026, disclose that Slattery’s associated entity Nodylu Pty Limited acquired 408,164 fully paid ordinary shares at $0.049 each via participation in the placement, while 1,250,000 unlisted options held by the GM & LA Slattery Family Trust expired. These filings offer investors clarity on how the directors are positioning themselves post-capital raise, confirming no trades occurred during a closed period. Market participants may closely observe these disclosures as they indicate insider involvement in the recent fundraising.
Key Points
- Company: Alvo Minerals Limited (ASX:ALV)
- Director Graeme Slattery’s entity Nodylu Pty Limited acquired 408,164 fully paid ordinary shares at $0.049 per share through a placement
- Shareholder approval for the placement was granted on 29 May 2026; the change of interest date is 26 June 2026
- 1,250,000 unlisted options exercisable at $0.35 expiring 21 July 2025, held via the GM & LA Slattery Family Trust, expired
- Director Robert Michael Smakman also updated interests on 26 June 2026 following the same capital raise
- Neither director traded during a closed period; no prior written clearance was required or obtained
- Investors should monitor further placement completion disclosures and updates on total securities on issue from Alvo Minerals
Nodylu Pty Limited Acquires 408,164 Shares at $0.049 in Placement
The most notable update in Slattery’s notice is the acquisition of 408,164 fully paid ordinary shares by Nodylu Pty Limited, an entity where Graeme Slattery is both director and shareholder. These shares were purchased at $0.049 each as part of a capital raise placement approved by shareholders on 29 May 2026. The notice describes this as "participation in placement shares as part of capital raise."
This transaction introduces Nodylu Pty Limited as a new registered holder associated with Slattery, as it was not previously disclosed in his interest structure. Following settlement on 26 June 2026, Nodylu Pty Limited holds the full 408,164 shares acquired in the placement at the stated price.
Shareholder Approval on 29 May 2026 Underpins Director Acquisitions
Both directors’ notices confirm that the share acquisitions were subject to and received shareholder approval on 29 May 2026. This aligns with ASX Listing Rules requiring shareholder ratification for director participation in placements, especially when related parties are involved or placement limits are exceeded.
The securities change date of 26 June 2026 indicates a roughly four-week interval between approval and settlement, a common timeline in structured capital raises. This approval process enhances governance transparency regarding director involvement in Alvo Minerals’ fundraising.
Expiry of 1,250,000 Options Held by Slattery Family Trust
Alongside the share acquisition, Slattery’s notice records the expiry of 1,250,000 unlisted options held through the GM & LA Slattery Family Trust. These options had an exercise price of $0.35 and expired on 21 July 2025. The expiry is noted as a disposal event, reducing the option holdings linked to the Family Trust.
The expired options were significantly out of the money compared to the $0.049 placement price, and no consideration was received upon expiry, which is standard for lapsed options. Post-expiry, the Family Trust retains 400,000 unlisted options across three vesting tranches (June 2025, June 2026, June 2027) and 368,750 unlisted options exercisable at $0.05 expiring 11 June 2029.
Slattery’s Post-Change Holdings Across Three Entities
After the changes on 26 June 2026, Graeme Slattery’s relevant interests span three associated entities. The GM & LA Slattery Family Trust holds 1,843,750 fully paid ordinary shares, 400,000 unlisted options in three vesting tranches (133,333 vesting 1 June 2025 expiring 1 June 2028; 133,333 vesting 1 June 2026 expiring 1 June 2029; 133,334 vesting 1 June 2027 expiring 1 June 2030), and 368,750 unlisted options exercisable at $0.05 expiring 11 June 2029.
MMH Capital Ltd, where Slattery is a minority shareholder, holds 466,667 fully paid ordinary shares (his proportionate interest in a total of 4,526,667 shares, down from 4,666,667 following the placement to Nodylu Pty Limited) and 93,334 unlisted options exercisable at $0.05 expiring 11 June 2029 (out of 933,334 total options). In his personal capacity, Slattery holds 300,000 unlisted options vesting January 2023, January 2024, and January 2025 with expiry dates of 1 January 2027, 1 January 2028, and 1 January 2029 respectively. Nodylu Pty Limited now holds 408,164 fully paid shares acquired in the placement.
Robert Smakman’s Interest Update Also Dated 26 June 2026
A second Appendix 3Y notice for director Robert Michael Smakman, dated 26 June 2026, references the same capital raise with shareholder approval on 29 May 2026. Smakman’s indirect interests are held through Spezia 55 Pty Ltd (The Zulu A/C), where he is director and beneficiary, and MMH Capital Ltd, where he is also director and shareholder. The notice also mentions holdings by Ms Itta Somaia (his partner) and their joint account in The Bundi Family Fund Account.
Prior to the change, Spezia 55 Pty Ltd held 14,849,187 fully paid ordinary shares, 2,500,000 unlisted options exercisable at $0.35 expiring 21 July 2025, 2,000,000 unlisted performance rights exercisable at $0.35 expiring 1 June 2028, and 2,931,838 unlisted options exercisable at $0.05 expiring 11 June 2029. Ms Itta Somaia held 1 fully paid share, and the Bundi Family Fund Account held 370,000 fully paid shares and 3,000,000 unlisted options. MMH Capital Ltd held 1,540,000 fully paid shares out of its total 4,666,667 shares. The notice does not provide full post-change holdings.
MMH Capital Ltd Featured in Both Directors’ Notices
MMH Capital Ltd is a shared associated entity for both Slattery and Smakman, with both serving as directors and shareholders. Slattery is noted as a minority shareholder. Movements in MMH Capital’s Alvo Minerals holdings are reflected in both directors’ disclosures.
Slattery’s notice shows MMH Capital Ltd’s ordinary shareholding decreased from 4,666,667 to 4,526,667 shares, a reduction of 140,000 shares unexplained by the recorded transactions. The announcement does not clarify this change.
No Closed Period Trading Breaches Reported
Both notices confirm no trades occurred during closed periods requiring prior written clearance, complying with ASX Listing Rules and Alvo Minerals’ securities trading policy. This indicates orderly completion of the shareholder-approved placement without governance concerns.
Placement Price of $0.049 Reflects Recent Fundraising Terms
The disclosed placement price of $0.049 per share, as noted in Slattery’s notice, sets the benchmark for the recent capital raise. The company has not revealed the total amount raised, number of shares issued, or aggregate funds in this update.
Director participation at the placement price signals alignment with shareholders. Shareholder approval on 29 May 2026 adds transparency. Investors should review any separate placement completion or cleansing notices for full details on the raise.
Upcoming Investor Milestones Post-June 2026 Capital Raise
With placement shares settled and director notices filed, investors should watch for operational updates funded by the capital raise and forthcoming quarterly reports reflecting new cash inflows. The company has not specified which projects the funds will support; related documents from the May 2026 approval may provide insight.
Additionally, investors may track the vesting schedules of remaining options, including the June 2026 tranche within Slattery’s Family Trust and performance rights held by Smakman’s Spezia 55 Pty Ltd expiring 1 June 2028. The immediate market impact of these notices was unclear, as they are routine disclosures without operational commentary or guidance.
