Perseus director converts performance rights, boosts stake

Jeffrey Quartermaine of Perseus Mining Limited increased his direct and indirect holdings by 177,672 ordinary fully paid shares through the conversion of vested performance rights on August 29, 2025. This conversion involved 177,672 vested performance rights.

His total direct holding after this change is 3,376,396 ordinary fully paid shares, while the Quartermaine Superannuation Fund, where he is a trustee and beneficiary, continues to hold 200,000 ordinary fully paid shares.

Prior to this change, Quartermaine held 1,950,927 LTI performance rights and 177,672 STI performance rights. Following the conversion, the number of performance rights decreased, with 1,539,730 performance rights remaining after the conversion of the vested rights and cancellation of 411,197 unvested performance rights. The transaction occurred outside of a closed period where prior written clearance would have been required.