Ora Banda Mining Discloses Lapse of 382,987 Performance Rights on 30 October 2026

Mukul

10 November 2026 04:46 PM AEDT

Ora Banda Mining Discloses Lapse of 382,987 Performance Rights on 30 October 2026

Image Source: Krish Capital Pty Ltd

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Ora Banda Mining Ltd (ASX:OBM) has disclosed the cessation of 382,987 unquoted performance rights following the lapse of conditional entitlements across two incentive plan tranches, with both cessations recorded on 30 October 2026.

Key Points

196,072 FY26 LTIP performance rights (OBMAZ, expiring 30 June 2030) lapsed on 30 October 2026
186,915 FY25 LTI performance rights (OBMAX, expiring 30 June 2029) lapsed on 30 October 2026
Both tranches ceased because conditions had not been, or had become incapable of being, satisfied
No consideration was paid by the entity for either cessation
Ora Banda Mining's total quoted ordinary fully paid shares on issue stand at 1,938,756,812

Performance Rights Cessation Details

According to the filing lodged on 10 November 2026, two separate classes of unquoted equity securities ceased on 30 October 2026. The first tranche comprised 196,072 performance rights under the code OBMAZ, designated as FY26 LTIP securities with an expiry date of 30 June 2030. The second tranche comprised 186,915 performance rights under the code OBMAX, designated as FY25 LTI securities with an expiry date of 30 June 2029. The filing states that in both cases, no consideration was paid by Ora Banda Mining Ltd in connection with the cessation of either tranche of securities.

Reason for Lapse of Conditional Rights

The filing states that the cessation of both OBMAZ and OBMAX performance rights occurred due to the lapse of conditional rights to securities, specifically because the conditions attached to those securities had not been, or had become incapable of being, satisfied. No further details regarding the specific conditions were disclosed in the filing. The cessation date for both tranches was recorded as 30 October 2026, with the notification submitted to the market on 10 November 2026 via an Appendix 3H form.

Issued Capital Following Cessation

Following the cessation of the securities, Ora Banda Mining's issued capital comprises 1,938,756,812 quoted ordinary fully paid shares under the code OBM. The company retains a substantial number of unquoted performance rights and retention rights across multiple classes and expiry dates, including 10,040,464 remaining OBMAX securities, 5,963,375 remaining OBMAZ securities, and further tranches spanning expiry dates from December 2027 through to January 2031, as disclosed in the issued capital table provided with the filing.

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