Tim Murray Increases Indirect Shareholding in Anson Resources After Class Z Performance Rights Vest

Tim Murray’s Indirect Stake in Anson Resources Grows After Conversion of Performance Rights

Following the conversion of Class Z performance rights into ordinary shares, director Tim Murray’s indirect holding in Anson Resources has expanded. The change, recorded on 3 July 2026, was executed through Plantaria Pty Ltd, which holds Murray’s indirect securities. Before the transaction, Murray held 810,823 ordinary shares indirectly; this rose to 1,210,823 ordinary shares after the conversion, an increase of 400,000 shares.

Murray’s direct holding of 164,840 ordinary shares remained unchanged, bringing his total ordinary shares across direct and indirect holdings to 1,375,663. The transaction occurred at nil consideration, consistent with the usual process where performance rights convert to shares upon meeting specified vesting criteria rather than being purchased.

Vesting of Class Z Performance Rights Reflects Achievement of a Milestone in Incentive Plan

The director’s interest notice specifies that the acquisition of 400,000 ordinary shares resulted from satisfying vesting conditions attached to Class Z performance rights. This implies that a defined performance or operational milestone linked to this tranche has been reached. The company did not disclose the exact milestone or vesting condition in the update.

In ASX-listed mining and resource companies, performance rights typically vest upon achieving project development targets, regulatory approvals, production benchmarks, or other company-specific goals. While the vesting generally signals positive progress, the precise trigger here was not detailed. Investors seeking further information may consult Anson Resources’ prior remuneration disclosures or incentive scheme documents.

Cancellation of Class P and Class Q Performance Rights Lowers Murray’s Total Rights

Alongside the vesting of Class Z rights, the notice reports the cancellation of 200,000 Class P and 200,000 Class Q performance rights. These were disposed of at nil consideration, indicating cancellation rather than exercise or sale. The update does not specify the reasons for this cancellation.

Overall, Murray’s total performance rights declined from 3,900,000 to 3,100,000 following these transactions, reflecting a net reduction of 800,000 rights across the three classes.

Murray’s Comprehensive Securities Holding in Anson Resources

After these changes, Tim Murray’s holdings comprise 164,840 ordinary shares held directly; 1,210,823 ordinary shares held indirectly via Plantaria Pty Ltd; 93,750 unlisted options exercisable at $0.12 each expiring on 16 November 2026 (held indirectly); and 3,100,000 performance rights held indirectly. No changes were noted to his direct shareholding or unlisted options.

The unlisted options remain part of Murray’s incentive package. Whether these options are currently in or out of the money relative to Anson Resources’ share price was not ascertainable from this update. Investors may wish to observe if these options are exercised prior to expiry later this year.

Plantaria Pty Ltd as Vehicle for Murray’s Indirect Interests

The notice identifies Plantaria Pty Ltd as the registered holder of Murray’s indirect interests in Anson Resources. Holding director securities through associated entities such as private companies or trusts is common and permissible under Australian corporate governance. Directors must disclose interests held via such entities in the same manner as direct holdings under the Corporations Act and ASX Listing Rules.

Plantaria Pty Ltd’s role ensures that future transactions involving Murray’s indirect interests will continue to be reported in Appendix 3Y disclosures, providing transparency to investors and regulators regarding his full economic exposure.

No Closed Period Trading Concerns in the Director’s Interest Notice

Part 3 of the lodged notice confirms that the securities transactions were not conducted during a closed period requiring prior written clearance. This indicates compliance with Anson Resources’ securities trading policy and relevant regulations. No prior approval was sought or needed for this change.

This confirmation is a routine but important aspect of director interest disclosures, ensuring governance protocols are followed. Closed periods typically surround key financial reporting dates or material announcements, and trading during such times requires explicit board approval. The absence of such issues reassures investors about proper conduct in this transaction.

Context of Director Equity Movements Within Anson Resources’ Incentive Scheme

Performance rights are a standard long-term incentive mechanism for directors and senior management in ASX-listed resource companies, aligning their interests with shareholders by linking equity awards to milestone achievements. The vesting of Class Z rights suggests at least one performance hurdle in Anson Resources’ incentive plan has been met as of the change date.

The cancellation of Class P and Class Q rights may indicate those milestones were unmet or that incentive arrangements were restructured, although the company did not clarify. Murray’s remaining 3,100,000 performance rights demonstrate continued alignment of his remuneration with future company performance.

Implications for Investors Monitoring Anson Resources

Director shareholding changes are closely watched by investors as informal indicators of confidence and progress. The vesting and conversion of performance rights generally reflect achievement of operational or development benchmarks. For Anson Resources, advancing its Utah lithium and bromine project, the vesting conditions’ satisfaction may signal internal progress, though details were not disclosed.

The immediate impact on share price was unclear from available information. Investors should consider this director interest change alongside Anson Resources’ broader project timeline and any operational announcements. The next key event to monitor will be the potential vesting of the remaining 3,100,000 performance rights held by Murray, which would indicate further milestones reached.

Regulatory Framework: Appendix 3Y Reporting Under ASX Listing Rules

This notice was lodged under ASX Listing Rule 3.19A.2 and section 205G of the Corporations Act 2001, which require ASX-listed company directors to disclose changes in their relevant securities interests within five business days. The date of change is recorded as 3 July 2026, with Murray’s previous notice dated 30 April 2026.

Timely disclosure of such changes supports Australia’s continuous disclosure regime, providing all investors with current information on director shareholdings. The Appendix 3Y becomes ASX property upon lodgement and is publicly accessible via the ASX Market Announcements Platform, enabling market participants to track director equity movements over time.