Lithium Plus Minerals Notifies Cessation of 10.5 Million Unexercised Restricted Options

Anjali Anand

09 November 2026 04:47 PM AEDT

Lithium Plus Minerals Notifies Cessation of 10.5 Million Unexercised Restricted Options

Image Source: Krish Capital Pty Ltd

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Lithium Plus Minerals Ltd (ASX:LPM) has filed a notification of cessation of securities, disclosing that a total of 10,500,000 unquoted restricted options across three security classes have ceased following expiry without exercise or conversion.

Key Points

6,000,000 restricted options under code LPMAG, expiring 31 October 2026, ceased due to expiry without exercise or conversion
4,000,000 restricted options under code LPMAF, expiring 22 April 2025, ceased due to expiry without exercise or conversion
500,000 restricted options under code LPMAI, expiring 30 June 2025, ceased due to expiry without exercise or conversion
No consideration was paid by the entity for any of the three cessations
Following the cessation, LPM ordinary fully paid shares on issue total 154,670,000

Details of Ceased Restricted Options

According to the filing, three classes of unquoted restricted options have ceased. The largest tranche, 6,000,000 options under ASX security code LPMAG, expired on 31 October 2026 without exercise or conversion. A further 4,000,000 options under code LPMAF expired on 22 April 2025, also without exercise or conversion. The third tranche comprised 500,000 options under code LPMAI, which expired on 30 June 2025 without exercise or conversion. The filing confirms no consideration was paid by Lithium Plus Minerals Ltd in connection with any of the three cessation events.

Issued Capital Following Cessations

Following the cessations disclosed in the filing, Lithium Plus Minerals Ltd's quoted ordinary fully paid shares on issue total 154,670,000. Among unquoted equity securities, the company has 3,400,000 performance rights under code LPMAK, 2,600,000 restricted performance rights under code LPMAH, and 500,000 options expiring 9 August 2027 at an exercise price of $0.30 under code LPMAJ. The three option classes subject to this notification — LPMAF, LPMAG, and LPMAI — each show a remaining balance of zero securities on issue.

Filing and Notification Date

The Appendix 3H notification was lodged with ASX on 9 November 2026, as a new announcement, and covers the cessation of unquoted equity securities across the three option classes detailed in the filing. The entity is registered under ABN 88653574219 and holds ASX issuer code LPM. The filing notes that figures provided in the issued capital tables are automatically generated and may not reflect current issued capital if other appendix forms are simultaneously being processed by ASX.

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