Prospect Resources Limited (ASX:PSC) has applied for quotation of 240,946 ordinary fully paid shares on ASX following the exercise of 1,140,000 options by key management personnel Harry Greaves on 5 November 2026, with the options converted using the cashless exercise facility available under the company's Long Term Incentive Plan.

Key Points

  • 240,946 ordinary fully paid PSC securities are to be quoted on ASX, issued on 5 November 2026.
  • The shares arise from the exercise of 1,140,000 options under the class PSCAI (options expiring 09-Aug-2027, exercise price $0.20).
  • Key management personnel Harry Greaves, through registered holder Continuum Fiduciary Ltd, exercised all 1,140,000 options on 5 November 2026.
  • The exercise utilised the cashless exercise facility under the Long Term Incentive Plan; no cash consideration was received by the company.
  • Following quotation, PSC's total quoted ordinary fully paid shares on issue will be 837,631,879.

Option Exercise and Cashless Conversion Details

According to the filing, the 1,140,000 options converted were from the class PSCAI, described as options expiring 9 August 2027 with an exercise price of $0.20. Both the first and last date of exercise were recorded as 5 November 2026. The securities were not issued for cash consideration. The filing states the consideration was provided through the exercise of vested options utilising the cashless exercise facility available under the Long Term Incentive Plan, with the estimated value of consideration per security recorded as $0.00.

Key Management Personnel Involvement

The filing confirms the options exercised were held by key management personnel. Harry Greaves is identified as the KMP, with Continuum Fiduciary Ltd recorded as the registered holder of the 1,140,000 options that were converted. The filing also confirms that the options were issued under an employee incentive scheme. The newly issued ordinary shares will rank equally in all respects from their issue date with existing issued securities in the same class, according to the filing.

Issued Capital Following Quotation

Following the quotation of the 240,946 new ordinary fully paid shares, Prospect Resources' total quoted ordinary fully paid securities on issue will stand at 837,631,879. The company's unquoted securities as disclosed in the filing include PSCAK options expiring 3 September 2028 at $0.16 (14,391,274), PSCAI options expiring 9 August 2027 at $0.20 (14,693,000), PSCAL options expiring 9 August 2027 at $0.12 (1,566,000), PSCAH performance rights (2,404,464), PSCAP services rights (1,578,948), PSCAO options expiring 16 August 2029 at nil exercise price (6,299,000), and PSCAQ options expiring 17 August 2030 at nil exercise price (4,027,000).