Sarytogan Graphite to Issue 15,967,285 Options at $0.087 Exercise Price Under Lead Manager Agreement

Sonal Goyal

09 November 2026 03:33 PM AEDT

Sarytogan Graphite to Issue 15,967,285 Options at $0.087 Exercise Price Under Lead Manager Agreement

Image Source: Krish Capital Pty Ltd

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Sarytogan Graphite Limited (ASX:SGA) has lodged an Appendix 3B disclosing a proposed issue of 15,967,285 options exercisable at $0.087, expiring three years from the date of issue, with a proposed issue date of 3 December 2026, pursuant to its Lead Manager and Underwriting Agreement referenced in a Prospectus dated 9 November 2026.

Key Points

15,967,285 options proposed to be issued, exercisable at AUD $0.087 each, expiring 3 December 2029
Options are described as Lead Manager and Underwriter Options per section 6.4 of the Prospectus dated 9 November 2026
Proposed issue date is 3 December 2026, with a condition requiring the company to obtain a Kazakh Issue Permit by 30 November 2026
15,951,747 of the options are proposed to be issued using the entity's 15% placement capacity under ASX Listing Rule 7.1
No security holder approval, underwriting fee details, or dividend policy change disclosed in connection with the proposed issue

Option Terms and Security Details

According to the filing, the proposed securities are options of a new class, with an exercise price of AUD $0.087 per option and an expiry date of 3 December 2029, being three years from the proposed issue date. Each option, if exercised, will convert into one fully paid ordinary share in Sarytogan Graphite Limited (ASX:SGA). The securities are denominated in Australian dollars. The filing states that the proposed issue will not include an offer of attaching securities, and the entity will not be seeking quotation of the new class of options on ASX.

Conditional Approval and Kazakh Issue Permit Requirement

The filing discloses that the proposed issue is subject to an external condition, specifically the company obtaining a Kazakh Issue Permit. The date for determination of this condition is stated as 30 November 2026, and the filing records that as of the announcement date of 9 November 2026, the approval had not yet been received. The determination date is described as estimated. No further details regarding the nature or issuing authority of the Kazakh Issue Permit are provided in the filing.

Placement Capacity and Issue Purpose

The filing states that 15,951,747 of the 15,967,285 options are proposed to be issued without security holder approval, utilising the entity's 15% placement capacity under ASX Listing Rule 7.1. Security holder approval has been obtained for the remaining securities. The filing identifies the purpose of the issue as Lead Manager and Underwriter Options, referencing section 6.4 of the Prospectus dated 9 November 2026. No other material fees or costs in connection with the proposed issue are disclosed, and no change to the company's dividend or distribution policy is indicated.

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