Clever Culture Systems Limited (ASX:CC5) has issued 62,500,000 unquoted options expiring 30 November 2029 with an exercise price of $0.03, the company disclosed in a filing dated 10 November 2026, with a further 28,800,000 options from the same transaction yet to be issued.

Key Points

  • 62,500,000 unquoted options were issued on 10 November 2026, expiring 30 November 2029 at an exercise price of $0.03 per option.
  • The options were issued as part of an equity placement on the basis of one option for each ordinary share subscribed under the placement.
  • No cash consideration was received for the options.
  • A further 28,800,000 options remain to be issued to complete the transaction referenced in the Appendix 3B lodged on 3 November 2026.
  • Following the issue, the company's quoted ordinary fully paid shares on issue total 2,182,255,173.

Option Issue Terms and Placement Structure

According to the filing, the 62,500,000 options were issued on 10 November 2026 as a new class of unquoted securities, with an ASX security code yet to be confirmed. The options carry an exercise price of AUD $0.03 and an expiry date of 30 November 2029. The securities are denominated in Australian dollars. Upon exercise, each option converts into one CC5 ordinary fully paid share. The options were not issued for cash consideration and are not quoted, nor intended to be quoted, on the ASX. The filing confirms ASX has provided confirmation that the terms of the securities are appropriate and equitable under listing rule 6.1.

Transaction Background and Remaining Securities

The options were issued as part of a transaction previously announced to the market via an Appendix 3B lodged on 3 November 2026, titled "New – Proposed issue of securities – CC5," which was classified as a placement or other type of issue. The options were issued on the basis of one option for each ordinary share subscribed under that placement. The filing discloses that 28,800,000 options are yet to be issued to complete the transaction referenced in that Appendix 3B, confirming the current notification represents a partial completion of the total placement-related option issuance.

Securities on Issue Following the Option Issuance

Following the issue, the company's total quoted securities comprise 2,182,255,173 ordinary fully paid shares. Among unquoted securities, the new class of 62,500,000 options expiring 30 November 2029 at $0.03 joins existing classes including 80,000,000 options expiring 10 December 2028 at $0.024, 16,000,000 options expiring 30 June 2028 at $0.033, 11,500,000 options expiring 22 May 2027 at $0.025, 10,000,000 performance rights, 9,600,000 options expiring 23 June 2028 at $0.034, 8,442,858 options expiring 10 December 2027 at $0.014, 7,500,000 options expiring 23 March 2027 at $0.05, and 2,950,000 options expiring on various dates at various prices.