Technology One reports share activity amid incentive scheme changes

Technology One Limited (ASX:TNE) reported the cessation of 12,235 options and 1,134 performance rights on November 20, 2025. These unquoted securities ceased due to the non-satisfaction or incapability of satisfying conditional rights, with no consideration paid by the entity. Following these cessations, the total number of unquoted options stands at 5,353,495, and performance rights at 183,193.

Concurrently, the company issued 15,000 new ordinary fully paid shares on November 20, 2025, resulting from the exercise of 18,572 options by key management personnel, including Cale Bennett (15,000 shares). Additionally, 11,507 performance rights were issued under an employee incentive scheme, with KMP Stuart MacDonald receiving 7,391 and Cale Bennett 4,116. These FY25 deferred STI performance rights will vest upon the release of the FY27 audited financial statements.

Following these combined activities, Technology One Limited's total quoted ordinary fully paid shares remain at 327,368,541. The number of unquoted options is now 5,347,158, and performance rights stands at 195,834.