Technology One converts performance rights to shares

Technology One Limited (ASX:TNE) has converted 50,099 unquoted performance rights into 50,099 fully paid ordinary shares. This conversion resulted from the exercise of unquoted convertible securities, with the shares issued or transferred on November 19, 2025. The conversion process started on November 18, 2025, and concluded on November 19, 2025. These new shares will be added to the existing class of quoted securities on the ASX.

The underlying securities being received by the holders were already quoted on the ASX as ordinary fully paid shares. These performance rights (TNEAJ: PERFORMANCE RIGHTS) were converted into ordinary fully paid shares (TNE: ORDINARY FULLY PAID). The company stated that these performance rights vested upon the release of the FY25 Audited Financial Results, in accordance with the TechnologyOne Omnibus Incentive Plan.

Following this conversion, Technology One's total number of quoted ordinary fully paid shares (TNE) now stands at 327,368,541. The number of unquoted performance rights (TNEAJ) has decreased to 134,228, while unquoted options (TNEAI: OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES) remain at 5,365,730.