Cryosite Limited (ASX:CTE) has notified the market of the issue of 1,333,334 unquoted options under its employee incentive scheme, with the securities issued on 12 November 2026 to two key management personnel, Andrew Kerr and Scott Thomas.

Key Points

  • 1,333,334 unquoted options (ASX security code: CTEAC) were issued on 12 November 2026 under an employee incentive scheme.
  • Andrew Kerr received 666,667 options via AMK Advisory Pty Ltd ATF AMK Advisory Trust.
  • Scott Thomas received 666,667 options via S & G Thomas Pty Ltd ATF S & G Thomas Family Trust.
  • Following the issue, total CTEAC unquoted options on issue stand at 4,000,000, with 48,809,563 ordinary fully paid shares on issue.

Option Issue Under Employee Incentive Scheme

Cryosite Limited disclosed the issue of 1,333,334 unquoted options under the security code CTEAC, described as options expiring various dates at various exercise prices. The securities were issued on 12 November 2026 and are classified as other securities issued under an employee incentive scheme not intended to be quoted on ASX. According to the filing, the issue was made under an exception in Listing Rule 7.2, specifically exception number 13, and therefore did not require securityholder approval under Listing Rule 7.1.

Allocations to Key Management Personnel

The filing confirms that all 1,333,334 options were issued to key management personnel. Andrew Kerr received 666,667 options, with the registered holder recorded as AMK Advisory Pty Ltd ATF AMK Advisory Trust. Scott Thomas received 666,667 options, with the registered holder recorded as S & G Thomas Pty Ltd ATF S & G Thomas Family Trust. The filing states that the newly issued securities rank equally in all respects from their issue date with existing issued securities in the same class.

Securities on Issue Following the Option Grant

Following the issue of the 1,333,334 options, Cryosite's total unquoted securities in the CTEAC class stand at 4,000,000 options. The company's quoted securities comprise 48,809,563 ordinary fully paid shares under the code CTE. The filing notes that further details relating to the terms of the options are contained in the 2026 Notice of Annual General Meeting, which was lodged with ASX on 21 September 2026. The terms of the employee incentive scheme are also referenced in a document previously lodged with ASX.