IGO converts unquoted securities to fully paid shares

IGO Limited, an ASX-listed entity, has notified the market of the conversion of 490,457 unquoted options and convertible securities into fully paid ordinary shares. This conversion, with an issue date of September 1, 2025, reflects the exercise of unquoted options or the conversion of unquoted convertible securities into existing quoted shares. The underlying securities received by the holders are already quoted on the ASX.

The conversion primarily involves securities issued under an employee incentive scheme. Two key management personnel (KMP) or associates are among those exercising their options: Ivan Vella and Kathleen Bozanic. Ivan Vella converted 127,691 securities held by CPU Share Plans Pty Ltd, while Kathleen Bozanic converted 34,525 securities, also held by CPU Share Plans Pty Ltd. These securities, transferred to the KMP, are held within the IGO Employee Performance Rights Plan Trust and are restricted from trading until the individuals choose to exercise their right to the vested performance right, prior to expiry dates ranging from September 1, 2038, to December 31, 2039.

Following this transaction, IGO Limited's total quoted securities, represented by "ORDINARY FULLY PAID" shares, now stand at 757,267,813. The company also has remaining unquoted securities, including 2,025,070 "PERFORMANCE RIGHT" and 834,209 "SERVICE RIGHTS" securities. This announcement, dated September 15, 2025, details a key movement in the company's capital structure.