Larvotto Resources Limited (ASX:LRV) has issued 610,000 ordinary shares following the vesting and exercise of an equivalent number of performance rights under the company's Long-Term Incentive Plan, according to a cleansing notice filed on 6 November 2026.

Key Points

  • 610,000 performance rights issued under the Larvotto Resources Long-Term Incentive Plan have vested and been exercised, resulting in the issue of 610,000 ordinary shares.
  • The shares were issued under Exception 9 of ASX Listing Rules 7.1 and 7.1A.
  • The share issuance did not utilise the company's existing placement capacity under the ASX Listing Rules.
  • An Appendix 2A applying for quotation of the shares has been released to the ASX.

Performance Rights Conversion Under Long-Term Incentive Plan

Larvotto Resources disclosed that 610,000 performance rights granted under its Long-Term Incentive Plan have vested and been exercised, with an equivalent number of ordinary shares issued to recipients. The shares were issued under Exception 9 of ASX Listing Rules 7.1 and 7.1A, meaning the issuance did not draw upon the company's existing placement capacity available under the Listing Rules. The company separately filed an Appendix 2A with the ASX to apply for the official quotation of the newly issued shares on the exchange.

Cleansing Notice Statutory Declarations

The filing serves as a cleansing notice pursuant to sections 708A(5)(e) and 708A(6) of the Corporations Act 2001 (Cth). Larvotto Resources confirmed the shares were issued without disclosure to investors under Part 6D.2 of the Act. The company stated that, as at the date of the notice, it has complied with the provisions of Chapter 2M of the Act as they apply to the company, as well as sections 674 and 674A of the Act, which relate to continuous disclosure obligations.

No Excluded Continuous Disclosure Information

Larvotto Resources stated in the filing that, as at the date of the notice, there is no information that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules. The company further stated that there is no information that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of the assets and liabilities, financial position and performance, profits and losses, and prospects of the company, or of the rights and liabilities attaching to the newly issued shares. The notice was authorised for release by Company Secretary Cecilia Tyndall.