Pinnacle issues new unquoted options for employee incentive scheme

Pinnacle Investment Management Group Limited (PNI) issued 80,000 unquoted options (ASX security code PNIAB) on October 16, 2025. These options, which expire on various dates and have various exercise prices, were issued under an employee incentive scheme and are not intended to be quoted on the ASX. The company confirmed that these new securities will rank equally in all respects with existing issued securities of the same class from their issue date.

The issuance was made under an exception in Listing Rule 7.2, specifically exception 13, meaning no security holder approval was required under Listing Rule 7.1. This issuance is part of an ongoing strategy to motivate and retain key talent within the organization. Further details on the terms of the employee incentive scheme can be found in a document lodged with ASX on September 23, 2024.

Following this issue, the total number of unquoted PNIAB options now stands at 697,500. The company's total quoted securities, comprising ordinary fully paid shares (PNI), remain at 226,968,248. Other unquoted options include PNIAF (100,000), PNIAH (100,000), and PNIAD (200,000), further diversifying Pinnacle's incentive structure.