Highlights

  • H3 Energy has issued 80,000,000 new unquoted Joint Lead Manager (JLM) options, lodged with ASX via an Appendix 3G notification dated 10 August 2026.
  • The Options were issued as part consideration for services provided by the Joint Lead Manager in the Company's Capital raise, rather than for cash.
  • Of the total, 70,000,000 options were approved by shareholders at the Company's EGM on 10 July 2026, with a further 10,000,000 issued under the Company's ASX Listing Rule 7.1 Placement capacity.
  • The options carry an exercise price of A$0.015 and expire on 30 June 2029, converting into H3 Energy ordinary fully paid shares on exercise.

H3 Energy Limited (ASX:H3E) has notified ASX of the issue of 80,000,000 unquoted options to its Joint Lead Manager (JLM), via an Appendix 3G – Notification of issue, conversion or payment up of unquoted Equity securities lodged on 10 August 2026. The options were issued as part consideration for services provided by the JLM in connection with the Company's capital raise, rather than for cash.

Options Issued in Two Tranches Under Shareholder and Placement Approval

Of the 80,000,000 options issued, 70,000,000 were approved by shareholders at the Company's Extraordinary General Meeting on 10 July 2026 and were issued on 7 August 2026. A further 10,000,000 options were issued to the JLM on 6 August 2026 under the Company's ASX Listing Rule 7.1 placement capacity.

The issue relates to a transaction previously announced to the market in an Appendix 3B lodged on 30 April 2026, titled 'New - Proposed issue of securities - H3E'. H3 Energy has confirmed there are no further issues of securities yet to take place to complete that transaction.

Option Terms

The options form a new unquoted class, with an ASX security code yet to be confirmed. They carry an exercise price of A$0.015 and an expiry date of 30 June 2029, and will convert into H3 Energy ordinary fully paid shares (H3E) on exercise. All securities in the class will rank equally in all respects from their issue date. H3 Energy has not yet received confirmation from ASX that the terms of the options are appropriate and equitable under Listing Rule 6.1, with the material terms of the options set out in a document lodged with ASX.

Updated Securities on Issue

Following the issue, H3 Energy's quoted securities comprise 1,334,512,689 ordinary fully paid shares (H3E) and 275,500,017 options expiring 15 May 2027 (H3EO). The Company's unquoted securities now include several existing option classes — H3EAQ (102,955,043 options expiring 31 March 2030, exercise price $0.05), H3EAO (45,000,000 options expiring 28 March 2027, exercise price $0.03), H3EAN (84,620,600 options expiring 1 January 2027, exercise price $0.03) and H3EAT (49,039,038 options expiring 31 December 2028, exercise price $0.01) — alongside 125,000 convertible notes (H3EAM) and the new 80,000,000-option JLM class.

Conclusion

The Appendix 3G notification formalises the issue of the final options owed to H3 Energy's Joint Lead Manager for services provided in the Company's capital raise, split between shareholder-approved and placement-capacity tranches. With no further securities outstanding under the related April 2026 Appendix 3B, the transaction contemplated in that placement is now complete.