Deep Yellow increases share capital with employee performance right conversions

Deep Yellow Limited (ASX:DYL) today confirmed the issue of 16,133 fully paid ordinary shares following the exercise of 16,133 performance rights, as per the terms of the company’s awards plan. The new shares were issued on October 24, 2025, with the exercise occurring on October 17, 2025. An Appendix 2A detailing the application for quotation of these securities was released concurrently.

The exercise of these vested performance rights involved no cash consideration, with an estimated value of AUD 1.13 per security. Following this transaction, Deep Yellow Limited's total quoted ordinary fully paid shares now stand at 973,140,172. The company’s unquoted performance rights (DYLAQ) have been reduced to 6,910,811, while unquoted options expiring in 2026, 2027, and 2028 remain unchanged.

This latest issuance, which was authorised by the board, reflects ongoing employee incentive scheme activity within the company. The new shares will rank equally in all respects with existing issued securities from their issue date.