Fertoz Ltd (ASX:FTZ) non-executive director James Alexander Chisholm and new director Stuart Richardson, who is also a director of Boston First Capital Pty Ltd, have upped their indirect stakes in the organic fertiliser and agriculture company.
Richardson and Chisholm both exercised 18-cent unlisted options that expired on September 29, with the date of change listed as October 5.
Fertoz executive chairman and top-two shareholder Pat Avery last week thanked Richardson in the company’s October 4 annual report, describing his efforts as “instrumental in assisting with the sales strategy and execution”.
Boston First Capital Pty Ltd director Richardson has more than 35 years experience in investment banking and stockbroking.
Fertoz shareholders approved Richardson’s election to the company board in August.
Last Friday he took his indirectly-held Boston First Capital stake up by 298,215 ordinary shares to 6,724,682 ordinary shares in a $53,678.70 buy worth $59,643 on-market today at the 20-cent last-traded price this afternoon.
The stakes he indirectly held through Jeanette Richardson (10,000 ordinary shares), JSR Nominees Pty Ltd ATF Richardson Super Fund (10,000 ordinary shares) and Blackwood Capital Ltd (10,000 ordinary shares) remained unchanged.
Richardson’s total indirectly-held stake is worth $1.35 million at 20 cents.
Chisholm ups stake
An engineer and long-time oil-and-gas and resources industry participant of 28 years, Chisholm helped float Doyles Creek Mining Pty Ltd through Nucoal Resources NL (ASX:NCR).
He also co-founded TheChairmen1 Pty Ltd which divested its assets to Guildford Coal Ltd (ASX:GUF) and became its largest shareholder.
Chisholm is also a non-director director of Ebony Coal Limited and Atrum Coal NL.
Today, Fertoz announced he had increased his indirect stake in the company with a $17,357.22 options-exercise to add 96,429 ordinary shares he already held indirectly through the outfit Left Brain Strategies Pty Ltd, taking the Left Brain stake 350,065 ordinary shares.
Chisholm continued to hold 4,657,824 ordinary shares indirectly through Lenark Pty Ltd while the number he indirectly held in Bucket Super Pty Limited rested unchanged at 4,102,675 ordinary shares.
This month’s exercise takes the value of Chisholm’s indirectly-held stake to $1.82 million using today’s mid-afternoon price of 20 cents.
Top 6 shareholders linked to board
Avery was the company’s top shareholder on September 21 with 6,107,143 shares and 5.13% of the company, as revealed in Fertoz’s annual report last week.
Boston First Capital, which had placed second, now holds more shares, with its 6,724,682-share stake likely to make it the new number one.
Lenark was the fifth largest shareholder on September 21 (with 3.91%), while Bucket Super was sixth (with 3.45%) and a second Boston First Capital stake was 18th (with 1.01%).