Technology One converts options to shares, impacting issued capital

Technology One Limited (ASX:TNE) reported on November 26, 2025, the conversion of 41,703 unquoted options into fully paid ordinary shares. These conversions occurred between November 21 and November 26, 2025. The underlying securities resulting from these conversions are already quoted on the ASX, indicating the issuance of existing class securities.

The conversions include 27,500 shares for Cale Bennett, a key management personnel (KMP), as part of an employee incentive scheme. Following these transactions, the total number of ordinary fully paid shares quoted on ASX for Technology One Limited now stands at 327,368,541.

Additionally, the announcement provides an updated count for unquoted securities. The company now has 5,293,220 unquoted options expiring on various dates with various prices (TNEAI) and 144,601 performance rights (TNEAJ) on issue.