Highlights

  • BluGlass Limited (ASX:BLG) has issued 1,743,092 new fully paid ordinary shares, comprising 1,530,217 shares to employees and 212,875 shares to a third-party adviser.
  • The employee shares satisfy FY26 short-term incentive award entitlements, issued in lieu of cash; the adviser shares were issued for services delivered.
  • The notice is given under section 708A(5)(e) of the Corporations Act 2001 (Cth), confirming the shares were issued without a disclosure document.
  • BluGlass confirms compliance with Chapter 2M and sections 674 and 674A of the Corporations Act as at the date of the notice.

BluGlass Limited (ASX:BLG) has lodged a notice with the ASX under section 708A(5)(e) of the Corporations Act 2001 (Cth), following the issue of new shares to employees and a third-party adviser of the Company. The notice is a standard compliance mechanism used when new shares are issued without a formal disclosure document under Part 6D.2 of the Act.

Details of the share issue

On 2 September 2026, BluGlass issued 1,530,217 new fully paid ordinary shares to employees of the Company, in lieu of cash, in satisfaction of their FY26 short-term incentive award entitlements. A further 212,875 new shares were issued to a third-party adviser of the Company in consideration for services delivered.

Together, these issues totalled 1,743,092 new shares, which were announced in an Appendix 2A lodged with the ASX on the same day as this notice.

Compliance confirmations under the section 708A notice

In the notice, signed by Company Secretary Andrew Palfreyman, BluGlass confirms several matters required under the Corporations Act. The new shares were issued to investors without disclosure under Part 6D.2 of the Act, and this notice is being given under section 708A(5)(e) to enable those shares to be freely tradeable on the same basis as the Company's existing quoted securities.

BluGlass also confirms that, as at the date of the notice, it has complied with the provisions of Chapter 2M of the Act, which governs financial reporting and audit obligations as they apply to the Company, and with sections 674 and 674A, which set out continuous disclosure requirements for listed entities.

Additionally, BluGlass confirms that there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Act that would otherwise need to be set out in the notice under section 708A(6)(e).

In practical terms, this means the Company is not Withholding any material information from the market in connection with this share issue.

About BluGlass' business

BluGlass Limited is a leading supplier of GaN laser diode products to the global photonics industry, with a focus on industrial, defence, bio-medical and scientific markets.

Listed on the ASX, BluGlass is one of only a handful of end-to-end GaN laser manufacturers globally, with operations in Australia and the USA spanning custom laser diode development and manufacturing, from small-batch custom lasers to medium- and high-volume off-the-shelf products.

The Company combines its proprietary low temperature, low hydrogen, remote plasma chemical vapour deposition (RPCVD) Manufacturing process with advanced device design and fabrication to deliver differentiated laser solutions.

Conclusion

This section 708A(5)(e) notice is a routine but necessary compliance step following BluGlass' issue of new shares to employees and an adviser, ensuring those shares can trade on the same footing as the Company's existing quoted securities.

The underlying issue itself — settling FY26 short-term incentive entitlements in shares rather than cash, alongside compensating a third-party adviser with Equity — reflects a common approach among growth-stage technology companies to manage cash while rewarding staff and service providers.