SportsHero Discloses Lapse of 7,000,000 Performance Rights on 10 November 2026

Anjali Anand

10 November 2026 05:46 PM AEDT

SportsHero Discloses Lapse of 7,000,000 Performance Rights on 10 November 2026

Image Source: Krish Capital Pty Ltd

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SportsHero Limited (ASX:SHO) disclosed on 10 November 2026 that 7,000,000 unquoted performance rights, designated under the security code SHOAV and carrying an expiry date of 11 February 2027, have ceased following the lapse of conditional rights because the conditions have not been, or have become incapable of being, satisfied.

Key Points

7,000,000 SHOAV performance rights expiring 11 February 2027 ceased on 10 November 2026
Cessation reason: conditions have not been, or have become incapable of being, satisfied
No consideration is being paid by the entity for the cessation
Following the cessation, SHOAV performance rights on issue total zero
SportsHero's total quoted ordinary fully paid shares on issue stand at 912,399,330

Performance Rights Cessation Details

According to the filing lodged on 10 November 2026, the 7,000,000 performance rights held under ASX security code SHOAV were unquoted equity securities. The rights were scheduled to expire on 11 February 2027. The cessation occurred because the conditions attached to the rights have not been satisfied, or have become incapable of being satisfied. The company disclosed that no consideration is being paid in connection with the cessation of these securities. Following the cessation, the total number of SHOAV performance rights on issue is recorded as zero.

Issued Capital Position Following Cessation

As disclosed in the filing, SportsHero's quoted equity securities following the cessation comprise 912,399,330 ordinary fully paid shares under the code SHO. The company's unquoted equity securities include 15,000,000 options expiring 24 February 2029 exercisable at $0.10 (SHOAAA), 28,000,000 options expiring on various dates at various prices (SHOAJ), 12,666,667 options expiring 31 July 2028 at $0.03 (SHOAZ), 3,500,000 options expiring 31 October 2027 at $0.04 (SHOAY), and 7,500,000 options expiring 31 October 2027 at $0.02 (SHOAX).

Appendix 3H Notification Requirements

SportsHero submitted the notification via an Appendix 3H form, which is the prescribed form for advising ASX of the cessation of securities. The filing states that the figures provided in the issued capital tables are automatically generated and may not reflect the entity's current issued capital if other forms are currently with ASX for processing. The company is registered with ABN 98123423987 and holds ASX issuer code SHO. The announcement was classified as a new announcement and was dated 10 November 2026.

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