Simble Solutions to Issue 50 Million Unlisted Options as Partial Capital Raising Fee Consideration

Mukul

03 November 2026 10:15 AM AEDT

Simble Solutions to Issue 50 Million Unlisted Options as Partial Capital Raising Fee Consideration

Image Source: Krish Capital Pty Ltd

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Simble Solutions Limited (ASX:SIS) has lodged a proposed issue of securities disclosure with ASX, detailing plans to issue 50,000,000 unlisted options as partial consideration for capital raising fees, with a proposed issue date of 5 January 2027.

Key Points

50,000,000 unlisted options proposed to be issued as partial consideration for capital raising fees
Options are exercisable at $0.007 each and expire four years from the date of issue, with an expiry date of 5 March 2031
Proposed issue date is 5 January 2027, subject to securityholder approval by 30 December 2026
Each option, if exercised, converts into one ordinary fully paid share in Simble Solutions Limited

Terms of the Proposed Unlisted Options

According to the filing, the proposed securities are unlisted options exercisable at AUD $0.007 per option, with an expiry date of 5 March 2031. The securities are described as a new class, with the ASX security code yet to be confirmed. The filing states that quotation of the new class of securities on ASX is not being sought. Each option, upon exercise, will result in the issue of one ordinary fully paid share in Simble Solutions Limited. The securities are denominated in Australian dollars and will all rank equally in all respects from their issue date.

Securityholder Approval and Conditions

The proposed issue is conditional upon securityholder approval, with a determination date of 30 December 2026, noted in the filing as an estimated date. The filing discloses that securityholder approval has been obtained for the entire issue under ASX Listing Rule 7.1. No portion of the proposed securities is being issued using the entity's 15% placement capacity under Listing Rule 7.1 or its additional 10% placement capacity under Listing Rule 7.1A. The filing also states that no party referred to in Listing Rule 10.11 is participating in the proposed issue, and none of the securities will be restricted securities or subject to voluntary escrow.

Purpose and Fee Structure of the Proposed Issue

The filing states the purpose of the proposed issue is as partial consideration for capital raising fees, with no cash consideration being provided for the securities. No lead manager or broker is identified in connection with this proposed issue, and the proposed issue is not underwritten. The filing does not disclose an AUD equivalent estimate of the consideration being provided. The company disclosed that its dividend or distribution policy will not change if the proposed issue proceeds. Material terms of the securities are stated to be available via an company update dated 3 November 2026.

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