Capricorn Metals announced the first-time sale of shares by directors Mark Clark and Mark Okeby through a fully underwritten block trade.
Both directors played integral roles in the company's growth from a market capitalisation of $80 million to approximately $1.8 billion.
The divestment marks the inaugural share sale for both directors, with Clark selling 5 million shares, retaining 17.2 million shares (4.5% of total shares), and Okeby selling 2 million shares, retaining 4.6 million shares.
Both directors express a long-term commitment to the company, holding no plans for further share sales in the medium term.