LCL Resources Limited (ASX:LCL) has notified the ASX of the cessation of 5,937,500 unquoted performance rights designated under the security code LCLAAB, with the rights lapsing on 30 September 2026 after the conditions attached to them were not met or became incapable of being satisfied.

Key Points

  • 5,937,500 LCLAAB performance rights ceased on 30 September 2026
  • Reason for cessation: conditions were not met or became incapable of being satisfied
  • No consideration was paid by the entity for the cessation
  • Following the cessation, 48,062,500 LCLAAB performance rights remain on issue
  • Quoted ordinary fully paid shares on issue total 1,205,507,151

Cessation of LCLAAB Performance Rights

According to the filing lodged on 3 November 2026, LCL Resources Limited reported the cessation of 5,937,500 unquoted equity securities classified as LCLAAB performance rights. The cessation date was recorded as 30 September 2026. The filing states the reason for cessation was the lapse of a conditional right to securities because the conditions have not been, or have become incapable of being, satisfied. The company disclosed that no consideration was paid for the cessation of these securities.

Issued Capital Following the Cessation

Following the cessation of the 5,937,500 LCLAAB performance rights, the company's issued capital comprises 1,205,507,151 ordinary fully paid shares quoted on ASX under the code LCL. In the unquoted equity securities category, 48,062,500 LCLAAB performance rights remain on issue, along with 25,000,000 options under the code LCLAAD, expiring 29 November 2026 with an exercise price of $0.05. The filing noted that figures are automatically generated and may not reflect current issued capital if other forms are concurrently being processed by ASX.

Filing and Disclosure Details

The notification was submitted as a new announcement by LCL Resources Limited, identified by ABN 43 119 759 349 and ASX issuer code LCL. The disclosure was made via an Appendix 3H form, which is used to notify the ASX of the cessation of securities. The filing confirmed no additional information was provided by the entity regarding the cessation beyond the details contained in the notification. The cessation of the performance rights was effective as of 30 September 2026, with the formal lodgement made on 3 November 2026.