SRJ Technologies Group PLC (ASX:SRJ) has notified the market of the cessation of 63,500,000 unquoted options across four security classes, all lapsing on 11 November 2026 after conditions attached to the securities were not satisfied or became incapable of being satisfied.

Key Points

  • A total of 63,500,000 unquoted options across four classes ceased on 11 November 2026 due to lapse of conditional rights.
  • The lapsed options comprised 35,500,000 SRJAW options (various expiry dates and exercise prices), 7,000,000 SRJAS options (expiring 19 December 2028, exercise price $0.02), 9,000,000 SRJAT options (expiring 19 December 2028, exercise price $0.03), and 12,000,000 SRJAU options (expiring 19 December 2028, exercise price $0.04).
  • No consideration was paid by the entity for any of the cessations.
  • Following the cessations, SRJ's quoted CHESS Depositary Interests on issue total 1,723,218,382.

Details of the Four Option Classes That Ceased

The filing disclosed four distinct classes of unquoted equity securities that ceased on 11 November 2026. The largest tranche was 35,500,000 SRJAW options with various expiry dates and exercise prices. The remaining three classes all carried an expiry date of 19 December 2028: 7,000,000 SRJAS options with an exercise price of $0.02, 9,000,000 SRJAT options with an exercise price of $0.03, and 12,000,000 SRJAU options with an exercise price of $0.04. In each case, the reason for cessation was recorded as the lapse of a conditional right to securities because the conditions had not been, or had become incapable of being, satisfied.

No Consideration Paid for Cessations

According to the filing, SRJ Technologies Group confirmed it did not pay any consideration in connection with the cessation of any of the four option classes. The company also indicated there was no additional information it wished to notify to ASX regarding any of the individual cessations. The Appendix 3H form covering all four classes was lodged on 12 November 2026, one day after the cessation date of 11 November 2026. The filing was submitted as a new announcement under the entity's ARBN registration number 642229856.

Issued Capital Following the Cessations

Following the cessations, the filing states that SRJ Technologies Group's quoted CHESS Depositary Interests on a 1:1 basis total 1,723,218,382 securities. Among the remaining unquoted equity securities, SRJAV options expiring 19 December 2028 at an exercise price of $0.01 total 41,000,000, SRJAX options expiring 15 July 2029 at $0.0135 total 50,000,000, SRJAW options stand at 25,499,000, SRJAR nil-exercise-price options expiring 19 December 2028 total 12,300,000, SRJAO options expiring 12 November 2026 at $0.115 total 9,750,000, SRJAM options expiring 19 August 2027 at $0.066 total 7,000,000, and SRJAA ordinary fully paid securities total 17,782,618.