Recent Insider Transactions Derivative • Aug 22
Non-Executive Director exercised options to buy AU$445k worth of stock. On the 19th of August, David Way exercised options to buy 1m shares at a strike price of around AU$0.30, costing a total of AU$300k. David currently holds less than 1% of total shares outstanding. This was the only transaction from an insider over the last 12 months. Announcement • Apr 29
PT Bumi Resources Tbk (IDX:BUMI) entered into a Scheme Implementation Deed to acquire Loyal Metals Limited (ASX:LLM) from PMET Resources Inc. (TSX:PMET), Bronco Dino Pty Ltd, Evan's Leap Holdings Pty Ltd, Hale Court Holdings Pty Ltd, Ikigai Strategic Investments Pty Ltd, Youssa PTY Ltd and others for AUD 78.1 million. PT Bumi Resources Tbk (IDX:BUMI) entered into a Scheme Implementation Deed to acquire Loyal Metals Limited (ASX:LLM) from PMET Resources Inc. (TSX:PMET), Bronco Dino Pty Ltd, Evan's Leap Holdings Pty Ltd, Hale Court Holdings Pty Ltd, Ikigai Strategic Investments Pty Ltd, Youssa PTY Ltd and others for AUD 78.1 million on April 27, 2026. A cash consideration of AUD 0.45 million valued at AUD 0.15 per share and of AUD 77.72 million valued at AUD 0.45 per share will be paid by PT Bumi Resources Tbk. As part of consideration, AUD 0.45 million is paid towards In-the-Money Options options, AUD 6.95 million is paid towards Performance Rights rights, AUD 3.15 million is paid towards Performance Shares common equity and AUD 67.62 million is paid towards common equity of Loyal Metals Limited. In case of termination of transaction, PT Bumi Resources Tbk will pay a termination fee of AUD 0.75 million and PMET Resources Inc., Bronco Dino Pty Ltd, Evan's Leap Holdings Pty Ltd, Hale Court Holdings Pty Ltd, Ikigai Strategic Investments Pty Ltd and Youssa PTY Ltd will pay a termination fee of AUD 0.75 million. The Transaction is to be funded from BUMI’s existing cash reserves and/or available financing facilities. Loyal Metals Limited Directors unanimously support the Scheme and recommended that Loyal shareholders vote in favour of the Scheme. The transaction is subject to approval by Australian Foreign Investment Review Board, the requisite Court approvals approval by Loyal Metals Limited shareholders, completion of the Highway Project Acquisition and independent expert concluding that the scheme is in the best interests of Loyal shareholders. The transaction is expected to close in mid August 2026.
Canaccord Genuity Financial Limited acted as financial advisor for Loyal Metals Limited. Steinepreis Paganin acted as legal advisor for Loyal Metals Limited. Announcement • Apr 25
Loyal Metals Limited, Annual General Meeting, May 27, 2026 Loyal Metals Limited, Annual General Meeting, May 27, 2026. 
