Catalina Resources Proposes 15 Million Performance Rights for Managing Director

Sonal Goyal

12 November 2026 10:15 AM AEDT

Catalina Resources Proposes 15 Million Performance Rights for Managing Director

Image Source: Krish Capital Pty Ltd

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Catalina Resources Ltd (ASX:CTN) has lodged a proposed issue of 15,000,000 performance rights to provide a performance-linked incentive component to its Managing Director's remuneration, with the securities set to expire on 22 December 2031 and subject to securityholder approval.

Key Points

Catalina Resources proposes to issue 15,000,000 performance rights expiring 22 December 2031
The securities are described as a performance-linked incentive component to Managing Director remuneration
Securityholder approval is required, with the determination date set for 21 December 2026
The proposed issue date is 22 December 2026, with each right exercisable into one fully paid ordinary CTN share at an exercise price of AUD $0.0000

Performance Rights Issue Details

According to the filing lodged on 12 November 2026, Catalina Resources intends to issue 15,000,000 performance rights classified as a new class of securities not yet quoted or recorded by ASX. The rights carry an exercise price of AUD $0.0000 and expire on 22 December 2031. Upon exercise, each performance right converts into one fully paid ordinary share in Catalina Resources. The securities will not include an offer of attaching securities, will not be subject to voluntary escrow, and will not be restricted securities for the purposes of the ASX Listing Rules.

Consideration and Purpose of the Proposed Issue

The filing states the consideration provided for the performance rights is a performance-linked incentive component to Managing Director remuneration, with an estimated AUD equivalent consideration of $0.000001 per security. The securities are not being issued for cash consideration. Catalina Resources disclosed that all securities issued in this class will rank equally in all respects from their issue date. The company stated it will not be changing its dividend or distribution policy if the proposed issue proceeds, and no lead manager, broker, or underwriter is involved in the issue.

Securityholder Approval and Issue Timetable

The proposed issue is conditional upon securityholder approval under ASX Listing Rule 7.1, with a meeting or proposed meeting date of 21 December 2026 set as the determination date. A party referred to in Listing Rule 10.11 is participating in the proposed issue. The company disclosed that it has not yet received confirmation from ASX that the terms of the proposed securities are appropriate and equitable under Listing Rule 6.1, and it is not seeking quotation of the new class of performance rights on ASX. The proposed issue date, subject to approval being granted, is 22 December 2026.

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