ionDrive Limited Applies to Quote 3,960,000 Shares Issued as Third-Party Service Remuneration

Aakashdeep

12 November 2026 03:29 PM AEDT

ionDrive Limited Applies to Quote 3,960,000 Shares Issued as Third-Party Service Remuneration

Image Source: Krish Capital Pty Ltd

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ionDrive Limited (ASX:ION) has applied to the Australian Securities Exchange for the quotation of 3,960,000 ordinary fully paid shares, issued on 12 November 2026 as remuneration for services provided by a third party through to December 2028, with an estimated consideration value of $0.075 per security.

Key Points

3,960,000 ordinary fully paid shares applied for quotation, issued 12 November 2026
Shares issued as remuneration for services provided by a third party through to December 2028, not for cash consideration
Estimated value of consideration is $0.075 per security
Following quotation, total quoted ordinary fully paid shares on issue will be 1,330,827,634
The issue relates to a placement previously announced via an Appendix 3B dated 28 October 2026

Quotation Application Details

ionDrive Limited has lodged an Appendix 2A application with the ASX for the quotation of 3,960,000 ordinary fully paid securities, issued on 12 November 2026. The filing states that all securities in this application are issued as part of a transaction previously announced to the market in an Appendix 3B dated 28 October 2026, titled "New – Proposed issue of securities – ION." The company confirmed there are no further issues of securities yet to take place to complete that transaction. The distribution schedule discloses that all 3,960,000 securities are held by a single holder in the 100,001 and over category, representing 100 per cent of the new securities.

Non-Cash Consideration for Third-Party Services

According to the filing, the 3,960,000 shares were not issued for cash consideration. The company disclosed that the shares were issued as remuneration for services provided by a third party through to December 2028. The estimated value of the consideration provided per security is $0.075. No further details regarding the nature of the services or the identity of the third party were disclosed in the filing. The company stated there is no other information it wishes to provide about the securities to be quoted beyond what has already been disclosed within the application.

Issued Capital Following Quotation

Upon quotation of the 3,960,000 shares, ionDrive's total quoted ordinary fully paid securities on issue will be 1,330,827,634. The company also holds a range of unquoted securities, including options across multiple series and performance-linked instruments. Unquoted securities disclosed in the filing include options expiring on various dates with exercise prices ranging from $0.012 to $0.067, as well as 6,125,000 performance shares and 46,926,400 performance rights. The filing noted that the automatically generated issued capital figures may not reflect the entity's current position if other forms are concurrently being processed by the ASX.

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