Simonds Group Limited (ASX:SIO) has notified the market of the cessation of 1,092,345 unquoted performance rights, designated under security code SIOAC, following the lapse of conditional rights on 6 November 2026 because the conditions attached to those securities have not been, or have become incapable of being, satisfied.

Key Points

  • 1,092,345 SIOAC performance rights ceased on 6 November 2026
  • Cessation reason: conditions not satisfied or incapable of being satisfied
  • No consideration was paid by the entity for the cessation
  • Following the cessation, 5,650,878 SIOAC performance rights remain on issue
  • Simonds Group's quoted ordinary fully paid shares on issue total 359,906,450

Performance Rights Cessation Details

According to the filing lodged on 12 November 2026, the 1,092,345 performance rights that ceased were unquoted equity securities carrying the ASX security code SIOAC. The cessation was recorded as a lapse of a conditional right to securities, with the stated reason being that the relevant conditions have not been, or have become incapable of being, satisfied. The effective date of cessation was 6 November 2026. The company confirmed that no consideration was paid by the entity in connection with the cessation of these securities.

Issued Capital Following the Cessation

Following the cessation of the 1,092,345 performance rights, Simonds Group's unquoted equity securities in the SIOAC performance rights class stand at 5,650,878 securities on issue. The company's quoted equity securities comprise 359,906,450 ordinary fully paid shares listed on ASX under the code SIO. The filing notes that the figures disclosed in the issued capital table are automatically generated and may not reflect the entity's current issued capital if other forms are concurrently being processed by ASX.

Filing and Disclosure Requirements

The notification was submitted by Simonds Group Limited as a new announcement under Appendix 3H, the standard ASX form used to notify the market of the cessation of securities. The company is registered with ACN 143841801 and trades on ASX under the issuer code SIO. The filing confirms that the entity did not provide any additional information to ASX beyond the cessation details and the resulting issued capital position as set out in the prescribed Appendix 3H disclosure format.