Altitude Minerals Ltd (ASX:ATT) disclosed the issue of 5,000,000 unquoted options to key management personnel on 13 November 2026, under the company's employee incentive scheme, with the securities registered in the name of Precambrian Pty Ltd as trustee for the Kitto & Shepherd Superannuation Fund.

Key Points

  • 5,000,000 unquoted options (ASX code: ATTAC) were issued on 13 November 2026, expiring 30 November 2028 at an exercise price of $0.01.
  • The options were issued to key management personnel Paul Kitto, with Precambrian Pty Ltd as the registered holder.
  • The securities were issued under Listing Rule 7.2, Exception 14, and did not require securityholder approval under Listing Rule 7.1.
  • Following the issue, the total number of ATTAC options on issue stands at 164,120,000.

Option Issue Terms and Registered Holder Details

According to the filing, Altitude Minerals Ltd issued 5,000,000 options carrying the ASX security code ATTAC on 13 November 2026. The options expire on 30 November 2028 and carry an exercise price of $0.01 per option. The securities are unquoted and are not intended to be quoted on ASX. The registered holder is Precambrian Pty Ltd, acting in the capacity of trustee for the Kitto & Shepherd Superannuation Fund Account. The filing confirms the options rank equally in all respects from their issue date with the existing issued securities in that class.

Employee Incentive Scheme and Listing Rule Compliance

The filing states the options were issued under an employee incentive scheme as other securities not intended to be quoted on ASX. The issue was made under Listing Rule 7.2, Exception 14, meaning securityholder approval under Listing Rule 7.1 was not required. The company disclosed that the recipient, Paul Kitto, is a key management personnel member of Altitude Minerals Ltd. The filing identifies this as a new announcement and was lodged on 13 November 2026, with the notification submitted as an Appendix 3G to ASX.

Securities on Issue Following the Option Grant

Following the issue, Altitude Minerals' quoted securities comprise 692,357,078 fully paid ordinary shares (ASX:ATT), 297,411,385 ordinary fully paid deferred shares (ATTN), and 233,968,204 options expiring 31 July 2027 (ATTO). The company's unquoted securities include 164,120,000 ATTAC options expiring 30 November 2028 at $0.01, 148,705,693 ATTAN deferred options expiring 30 November 2028, 13,650,000 ATTAJ options expiring 31 July 2027 at $0.15, 10,282,797 ATTAF performance rights, 7,938,756 ATTAI options expiring 18 December 2026 at $0.26, and 2,625,000 ATTAB options expiring 31 December 2028 at $0.06.