Way 2 Vat Ltd (ASX:W2V) has disclosed the issue of 2,000,000 unquoted options expiring 30 September 2036 with an exercise price of ILS 0.10, issued under an employee incentive scheme and not intended to be quoted on ASX, according to an Appendix 3G filing dated 11 November 2026.

Key Points

  • 2,000,000 options were issued on 30 September 2026, expiring 30 September 2036, with an exercise price of ILS 0.10 (New Israeli Sheqel)
  • The options were issued under an employee incentive scheme and are not intended to be quoted on ASX
  • None of the securities were issued to key management personnel or an associate
  • The issue was made under Listing Rule 7.2 Exception 13 and did not require security holder approval under Listing Rule 7.1

New Option Class Issued Under Employee Incentive Scheme

Way 2 Vat Ltd disclosed the issue of a new class of unquoted options under its employee incentive scheme. The 2,000,000 options carry an exercise price denominated in New Israeli Sheqel at ILS 0.10 and have an expiry date of 30 September 2036. The options were issued on 30 September 2026. Upon exercise or conversion, the new class of options will result in the issue of W2V ordinary fully paid shares. The filing confirms that ASX has received confirmation that the terms of the securities are appropriate and equitable under Listing Rule 6.1.

Securities Not Issued to Key Management Personnel

According to the filing, none of the 2,000,000 options issued in this new class were issued to key management personnel or an associate. The securities are classified as other securities issued under an employee incentive scheme and are not intended to be quoted on ASX. The issue was made under Listing Rule 7.2 Exception 13, meaning the transaction did not require security holder approval under Listing Rule 7.1. The new option class is pending an ASX security code, which is to be confirmed.

Total Securities on Issue Following the Transaction

Following the issue, Way 2 Vat's quoted securities on ASX comprised 303,207,883 W2V ordinary fully paid shares. The company's unquoted securities on issue span multiple existing option classes, including 37,142,858 options expiring 18 June 2029 at $0.07, 19,364,061 performance options, 8,226,353 options expiring on various dates at various prices, and 7,500,000 options expiring 15 December 2028 at $0.104, among other classes. The newly issued 2,000,000 options expiring 30 September 2036 at ILS 0.10 are listed separately pending confirmation of their ASX security code.