Prodigy Gold Corrects Director Mark Edwards’ Shareholding After Entitlement Offer
Prodigy Gold NL has lodged a replacement Appendix 3Y to amend the reported securities held by Managing Director Mark Edwards following his participation in the company’s recent Entitlement Offer.
- Replacement Appendix 3Y corrects director’s securities holdings
- Mark Edwards acquired over 5.8 million shares through Entitlement Offer
- No securities were disposed of during the transaction
- Correction clarifies holdings of related parties including family and superannuation
- All shares issued following June 2025 Entitlement Offer participation
Correction to Director’s Interest Disclosure
Prodigy Gold NL has submitted a replacement Appendix 3Y to the ASX, rectifying an earlier filing that misstated the number of securities held by Managing Director Mark Edwards. The correction specifically addresses the "No. of securities held after change" field, ensuring accurate disclosure of his and related parties’ holdings.
Details of the Shareholding Change
The updated filing reveals that Mark Edwards acquired a total of 5,833,834 ordinary shares, 1 million held directly and 4,833,834 held indirectly through the Netwealth Super Accelerator Personal Superannuation fund, of which he is a beneficiary. These shares were issued as part of Prodigy Gold’s Entitlement Offer announced on 10 June 2025, with no securities disposed of in the transaction.
Prior to this change, Edwards held 7,666,667 ordinary shares directly, alongside various unlisted options with expiry dates ranging from 2026 to 2027. The corrected filing now shows his total ordinary shares increased to 8,666,667 directly held, and 9,667,668 held indirectly via the superannuation fund.
Family and Related Party Holdings
The filing also confirms holdings by Edwards’ parent, Graeme Edwards, who retains 150,000 ordinary shares and 33,333 unlisted options. This transparency around related party interests is crucial for investor confidence and regulatory compliance, particularly in the mining sector where insider holdings can signal confidence in company prospects.
Implications for Prodigy Gold
While the filing does not detail the broader financial impact of the Entitlement Offer, the correction underscores the importance of precise disclosure in maintaining market integrity. The additional shares issued to Edwards and related parties reflect ongoing insider participation, which may be interpreted as a positive signal by investors watching the company’s capital structure and governance closely.
Investors should monitor forthcoming announcements for further updates on director holdings or capital raising activities that could influence Prodigy Gold’s share price and strategic direction.
Bottom Line?
Accurate disclosure of director holdings keeps investor trust intact as Prodigy Gold advances its capital strategy.
Questions in the middle?
- Will Mark Edwards or related parties increase their holdings further following this Entitlement Offer?
- How will the additional shares issued impact Prodigy Gold’s overall capital structure and share liquidity?
- Are there any upcoming corporate actions or strategic moves linked to this capital raising?
