Win Metals Ltd (ASX:WIN) has issued 40,000 unquoted convertible notes to Directors Norregaard and Perry at an issue price of AUD $1.00 per security, following shareholder approval granted at the company's Annual General Meeting held on 11 November 2026.

Key Points

  • 40,000 convertible notes (ASX security code: WINAB) issued on 11 November 2026 at AUD $1.00 each
  • Securities issued to Directors Norregaard and Perry following AGM approval on 11 November 2026
  • The convertible notes are unquoted and are not intended to be quoted on ASX
  • Total WINAB convertible notes on issue following the transaction stand at 860,000
  • No further securities issues remain to complete the transaction referenced in the original Appendix 3B lodged on 31 August 2026

Convertible Note Issue Details

Win Metals Ltd disclosed the issue of 40,000 convertible notes under ASX security code WINAB on 11 November 2026. The securities were issued for cash consideration in Australian dollars at a price of AUD $1.00 per convertible note. The issue forms part of a transaction previously announced to the market via an Appendix 3B dated 31 August 2026, which described the transaction as a placement or other type of issue. According to the filing, no further issues of securities are required to complete that transaction.

AGM Approval and Director Allotment

The convertible notes were allotted to Directors Norregaard and Perry following receipt of shareholder approval at Win Metals Ltd's Annual General Meeting, held on 11 November 2026. The filing identifies the transaction type as a placement and confirms the securities are unquoted and are not intended to be quoted on the Australian Securities Exchange. The notification was lodged as a new announcement under Appendix 3G, which governs the notification of issue, conversion or payment up of unquoted equity securities.

Securities on Issue Following the Transaction

Following the issue of the 40,000 convertible notes, the total number of WINAB convertible notes on issue stands at 860,000. The company's quoted securities comprise 859,075,350 ordinary fully paid shares (ASX:WIN) and 78,714,253 options expiring 3 February 2028 (WINO). Unquoted securities on issue include multiple classes of options with varying expiry dates and exercise prices, as well as 9,782,000 performance rights, in addition to the 860,000 convertible notes and other unquoted option classes disclosed in the filing.