IDP Education converts unquoted securities to ordinary shares

IDP Education Limited has announced the conversion of 9,596 unquoted service rights into ordinary fully paid shares. This conversion, which occurred on October 7, 2025, resulted in the issue of new ordinary shares, increasing the total number of quoted ordinary shares on the ASX. The underlying securities that were converted were held by key management personnel or an associate, specifically Kate Koch.

Following this transaction, the total number of ordinary fully paid shares quoted on the ASX for IDP Education now stands at 278,336,211. Additionally, the company's unquoted securities now comprise 309,854 service rights (IELAC) and 1,022,304 performance rights (IELAB).

The conversion of these unquoted service rights, issued under an employee incentive scheme, reflects the exercise of options on October 7, 2025. This notification provides details on the changes to the company's capital structure as a result of these conversions.