Lotus Resources Limited (ASX:LOT) has notified the exchange of the cessation of 7,860 unquoted options following their expiry on 31 October 2026 without exercise or conversion, according to an Appendix 3H filing dated 6 November 2026.

Key Points

  • 7,860 options under the LOTAAC class, designated as "Option Expiring 31-Oct-2026 Ex Nil", lapsed upon expiry having not been exercised
  • No consideration was paid by the entity for the cessation of the securities
  • Following the cessation, LOT ordinary fully paid shares on issue total 547,045,342
  • The company retains a range of unquoted equity securities on issue, including warrants totalling 66,287,879 and performance rights of 765,818

Details of the Option Cessation

According to the filing, the securities that ceased were 7,860 unquoted options under ASX security code LOTAAC, described as "Option Expiring 31-Oct-2026 Ex Nil." The stated reason for cessation was expiry of an option or other convertible security without exercise or conversion, with the date of cessation recorded as 6 November 2026. The company disclosed that the options lapsed upon expiry, having not been exercised, and confirmed that no consideration was paid by the entity in connection with the cessation.

Issued Capital Following the Cessation

Following the cessation, Lotus Resources' quoted securities comprise 547,045,342 ordinary fully paid shares. The company's remaining unquoted equity securities include options across multiple classes with varying expiry dates and exercise prices. These include 86,957 options expiring 8 October 2027 at $3.45, 347,828 options expiring 20 May 2027 at $3.45, and 173,914 options expiring 21 August 2027 at $3.45. Additionally, 71,183 options expire 30 September 2027 at nil exercise price, and 521,740 options expire 8 August 2027 at nil. The LOTAAC class now shows zero securities on issue.

Remaining Unquoted Securities on Issue

Beyond the option classes, Lotus Resources' unquoted securities include 350 convertible notes under the LOTAB class and 66,287,879 warrants under the LOTAC class. Options expiring 30 June 2027 at nil exercise price number 197,938, while options expiring 30 June 2029 at nil exercise price total 301,869. The company also holds 765,818 performance rights under the LOTAA class. The filing noted that the figures stated in the issued capital tables are automatically generated and may not reflect current issued capital if other forms are concurrently with ASX for processing.