Karoon Energy Ltd (ASX:KAR) has notified the ASX of the cancellation of 95,500 ordinary fully paid shares pursuant to an on-market buy-back, with the cessation occurring on 12 November 2026 and total consideration of AUD 148,232.37 paid for the securities.

Key Points

  • 95,500 KAR ordinary fully paid shares were cancelled on 12 November 2026 via an on-market buy-back
  • Total consideration paid for the cancelled securities was AUD 148,232.37
  • Following the cessation, Karoon Energy's total quoted ordinary fully paid shares on issue stand at 697,094,819
  • The company holds multiple classes of unquoted performance rights with expiry dates ranging from 31 December 2025 to 31 December 2029

Buy-Back Cancellation Details

Karoon Energy Ltd disclosed the cessation of 95,500 ordinary fully paid shares under ASX security code KAR, cancelled pursuant to an on-market buy-back. The date of cessation was recorded as 12 November 2026, with the notification filed on 13 November 2026. The company confirmed that consideration was paid for the securities in Australian dollars, with total consideration paid or payable disclosed as AUD 148,232.37. The filing was submitted as a new announcement under Appendix 3H, which governs notification of cessation of securities on the ASX.

Issued Capital Following the Cessation

Following the cancellation of the 95,500 shares, Karoon Energy's total number of quoted ordinary fully paid securities on issue is recorded at 697,094,819. The company also holds a range of unquoted equity securities in the form of performance rights across twelve separate classes. These performance rights carry expiry dates spanning from 31 December 2025 through to 31 December 2029, with individual classes identified by ASX security codes including KARAC, KARAD, KARAF, KARAH, KARAJ, KARAG, KARAAC, KARAAD, KARAAE, KARAAF, KARAA, and KARAB.

Unquoted Performance Rights on Issue

The filing sets out the total number of unquoted performance rights on issue across each class following the cessation. Notable classes include KARAH with 4,306,631 performance rights expiring 1 April 2029, KARAJ with 2,704,119 expiring 31 December 2029, KARAAD with 3,478,542 expiring 31 December 2027, and KARAB with 4,051,330 expiring 31 December 2028. Smaller classes include KARAAC with 5,349 rights expiring 31 December 2025 and KARAA with 6,929 rights expiring 31 December 2026. The filing notes that the figures in the issued capital table are automatically generated and may not reflect current issued capital if other forms are concurrently being processed by ASX.