Ora Banda directors adjust holdings, signaling strategic financial moves

Ora Banda Mining Limited (ASX:OBM) reported changes in the interests of managing director Luke Creagh and non-executive chair Peter Mansell, as per an announcement on 28 November 2025.

Luke Creagh exercised 12,000,000 MD performance rights into fully paid ordinary shares and subsequently sold 10,000,000 shares in a single block trade. This transaction increased his holding to 66,317,460 fully paid ordinary shares while funding tax obligations from the performance rights exercise. The sale represented approximately 8.6% of his fully diluted holding, which now includes 66,317,460 shares and 49,331,297 performance rights. The managing director's sale generated A$1.25 per share for the 10,000,000 fully paid ordinary shares. The acquisition of 2,819,549 MD retention rights by Mr. Creagh had a deemed issue price of A$0.798 each.

In a separate transaction, Peter Mansell sold 8,050,760 shares to rebalance his personal portfolio, marking his first share sale in the company. Following this sale, Mansell retains a significant interest of 2,500,000 shares. Both directors affirmed their continued commitment to Ora Banda.