Ora Banda Mining to increase quoted securities by 12.45m

Ora Banda Mining Ltd announced on October 6, 2025, an application for the quotation of 12,455,806 new ordinary fully paid securities. These securities, with an issue date of September 18, 2025, stem from the exercise and conversion of various performance rights into fully paid ordinary shares.

The conversion primarily involves several tranches of performance rights issued under employee incentive schemes. A substantial 9,658,468 performance rights expiring June 30, 2030, were converted, alongside 347,338 performance rights expiring June 30, 2026. Additionally, 450,000 performance rights expiring June 30, 2028, and 2,000,000 performance rights expiring January 31, 2030, were also converted. All conversions resulted in new ordinary shares that will rank equally with existing quoted securities from their issue date.

Following these conversions, the total number of quoted ordinary fully paid securities for Ora Banda Mining Ltd will increase to 1,901,713,887. The company confirmed that no cash consideration was provided for these conversions. None of the converted securities were held by key management personnel or their associates.