Southern Cross Gold Consolidated Quotes 13,394 New CDIs Following RSU Conversion on 11 November 2026

Sonal Goyal

11 November 2026 05:27 PM AEDT

Southern Cross Gold Consolidated Quotes 13,394 New CDIs Following RSU Conversion on 11 November 2026

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Southern Cross Gold Consolidated Ltd (ASX:SX2) has applied for quotation of 13,394 CHESS Depositary Interests (CDIs) on the ASX following the conversion of Restricted Stock Units (RSUs) on 11 November 2026, with the newly issued securities to rank equally in all respects with existing quoted CDIs from their issue date.

Key Points

13,394 CHESS Depositary Interests (CDIs) issued and applied for quotation on 11 November 2026
Securities issued via conversion of Restricted Stock Units (SX2AB) following satisfaction of vesting conditions
Consideration estimated at AUD $9.31 per security; no cash consideration was received
Total quoted CDIs on issue following the quotation will be 158,184,749

RSU Conversion Details

According to the filing lodged on 11 November 2026, the 13,394 CDIs were issued as a result of the conversion of Restricted Stock Units (RSU) under the security code SX2AB into CHESS Depositary Interests on a 1:1 basis under the code SX2. The first and last date of conversion was 11 November 2026. The filing states the conversion followed satisfaction of vesting conditions applicable to the RSUs on issue. The securities were issued under an employee incentive scheme, with no cash consideration received for the issuance. The estimated value of consideration provided per security was AUD $9.31.

Ranking and Quotation of New Securities

Southern Cross Gold Consolidated confirmed in the filing that the 13,394 newly issued CDIs will rank equally in all respects from their issue date with the existing issued securities in the same class. The securities are described as an existing class already quoted on ASX, with the new CDIs representing an additional issuance within that existing class. The filing notes the right of the RSU holder to receive the underlying securities was satisfied by an issue of new securities, which were intended to be, but were not yet, quoted on ASX at the time of the application's lodgement.

Issued Capital Following Quotation

Following the quotation of the 13,394 CDIs, the total number of quoted CHESS Depositary Interests (SX2) on issue will be 158,184,749. The company's unquoted securities as disclosed in the filing comprise 111,485,400 Common Shares (SX2AC), 185,976 Restricted Stock Units (SX2AB), 160,412 Performance Share Units (SX2AD), and 850,000 Options expiring various dates at various prices (SX2AA). The filing carries the registered number ARBN 681229854 for Southern Cross Gold Consolidated Ltd.

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