Xero expands quoted shares after convertible instrument conversions

Xero Limited is set to expand its pool of quoted ordinary fully paid securities on the ASX, with a total of 73,388 new shares being quoted. This increase primarily stems from the conversion of restricted stock units (RSUs) and options exercised under the company's employee incentive schemes. A substantial portion, 60,600 shares, arose from the conversion of RSUs across various issue dates in July, August, and September 2025, with estimated per-security consideration ranging from AUD 158.75 to AUD 180.99.

Additionally, 12,788 shares are being quoted following the exercise of options. These options were converted on several dates in July, August, and September 2025, with issue prices ranging from AUD 72.39 to AUD 136.19. The company affirmed that all newly quoted securities will rank equally with existing issued shares from their respective issue dates.

Following these conversions, Xero's total quoted ordinary fully paid securities will reach 165,451,115. The company also reported 2,811,751 unquoted restricted stock units and 1,097,242 unquoted options expiring on various dates.