Saunders International Cancels 495,219 Performance Rights After Conditions Not Met

Aakashdeep

06 November 2026 04:04 PM AEDT

Saunders International Cancels 495,219 Performance Rights After Conditions Not Met

Image Source: Krish Capital Pty Ltd

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Saunders International Limited (ASX:SND) has notified the market of the cessation of 495,219 unquoted performance rights, designated under the security code SNDAB, after the conditions attached to those rights were not satisfied or became incapable of being satisfied, according to a filing dated 6 November 2026.

Key Points

495,219 SNDAB performance rights ceased on 6 November 2026
Cessation reason: conditions have not been, or have become incapable of being, satisfied
No consideration was paid by the entity for the cessation
Following the cessation, 5,317,493 SNDAB performance rights remain on issue
Total quoted ordinary fully paid shares on issue stand at 139,769,039

Performance Rights Cessation Details

According to the filing, the 495,219 performance rights that have ceased were classified as unquoted equity securities under the ASX security code SNDAB. The cessation was recorded on 6 November 2026 and was attributed to the lapse of a conditional right to securities because the conditions have not been, or have become incapable of being, satisfied. The company disclosed that it is not paying any consideration in connection with the cessation of these securities. No additional information was provided by the entity regarding the specific nature of the conditions that lapsed.

Issued Capital Following the Cessation

Following the removal of the 495,219 SNDAB performance rights from the company's issued capital, the remaining unquoted equity securities on issue include 5,317,493 SNDAB performance rights, 495,318 SNDAA options expiring on various dates with a nil exercise price, and 1,048,992 SNDAI ordinary fully paid securities. The company's quoted securities comprise 139,769,039 SND ordinary fully paid shares. The filing notes that figures in the issued capital table are automatically generated and may not reflect current issued capital if other forms are being processed by ASX.

Appendix 3H Notification Requirements

The disclosure was made via an Appendix 3H form, which is the prescribed notification mechanism for reporting the cessation of securities. The filing identifies Saunders International Limited, registered with ACN 050287431, as the reporting entity under ASX issuer code SND. The announcement was classified as a new announcement, submitted on Friday, 6 November 2026. The filing confirms the SNDAB performance rights class is unquoted equity securities, and no additional commentary or disclosure beyond the statutory requirements was provided by the company in connection with the cessation.

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