Ora Banda Mining Applies to Quote 914,717 Shares From Vested Performance and Retention Rights

Sonal Goyal

10 November 2026 04:43 PM AEDT

Ora Banda Mining Applies to Quote 914,717 Shares From Vested Performance and Retention Rights

Image Source: Krish Capital Pty Ltd

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Ora Banda Mining Ltd (ASX:OBM) has lodged an application for quotation of 914,717 fully paid ordinary shares on the ASX, issued across two dates in October and November 2026 following the exercise of vested performance rights and retention rights under employee incentive schemes.

Key Points

A total of 914,717 ordinary fully paid shares are being applied for quotation, comprising 49,963 shares issued on 27 October 2026 and 864,754 shares issued on 4 November 2026.
The shares were issued at nil cash consideration, described as arising from the exercise of vested performance rights and retention rights.
Three separate classes of convertible securities were converted: OBMAY (Retention Rights expiring 30 June 2029), OBMAV (Performance Rights expiring 1 July 2028), and OBMAX (Performance Rights expiring 30 June 2029).
The new ordinary shares rank equally in all respects from their respective issue dates with existing issued securities in the same class.

Breakdown of Securities Converting to Ordinary Shares

Three tranches of existing convertible securities were converted into ordinary fully paid shares. First, 14,552 OBMAY Retention Rights expiring 30 June 2029 were exercised between 20 October 2026 and 27 October 2026, resulting in 14,552 ordinary shares issued on 27 October 2026. Second, 1,000 OBMAX Performance Rights expiring 30 June 2029 were exercised on 27 October 2026, also resulting in shares issued on that date. Third, 864,754 OBMAV Performance Rights expiring 1 July 2028 were exercised between 20 October 2026 and 4 November 2026, with the resulting shares issued on 4 November 2026.

Employee Incentive Scheme and Key Management Personnel Disclosure

According to the filing, all three tranches of convertible securities were issued under an employee incentive scheme. The filing discloses that none of the OBMAV Performance Rights expiring 1 July 2028 or the OBMAX Performance Rights expiring 30 June 2029 were held by key management personnel or an associate. For the OBMAY Retention Rights tranche, the filing states that the rights were held by key management personnel or an associate. The consideration provided for all securities in each tranche is described as nil cash, with an estimated value per security of AUD $0.00.

Quotation Application Filed 10 November 2026

The Appendix 2A application was lodged with the ASX on 10 November 2026 by Ora Banda Mining Ltd, registered with ABN 69100038266 and ASX issuer code OBM. The filing states the new securities are intended to be, but are not yet, quoted by the ASX at the time of lodgement. The shares being applied for quotation are described as an existing class, with the new ordinary shares to rank equally in all respects from their respective issue dates with the existing issued securities in that class.

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