Aura Energy: Executive director's share options lapse as conditions unmet

Aura Energy Limited (ASX:AEE) announced the cessation of 310,078 unquoted options (ASX Code: AEEAAG) following the lapse of conditional rights to these securities. These options, with an expiry date of June 30, 2029, and no exercise price, ceased on November 25, 2025. The company stated the lapse occurred because the conditions for these rights were not satisfied or became incapable of being satisfied, and no consideration was paid for this cessation.

The lapse specifically relates to unlisted zero exercise price options issued to Mr. Bryan Dixon's nominee. This occurred as Mr. Dixon ceased to be a director, in accordance with the terms and conditions outlined in the 2024 notice of annual general meeting of shareholders explanatory memorandum.

Following this change, Aura Energy's unquoted equity securities now total 16,099,560 for option expiring June 30, 2030 ex nil (AEEAB), 22,000,000 for ordinary fully paid employee (AEEAAE), and 15,212,266 for option expiring June 30, 2029 ex nil (AEEAAG). The total quoted securities remain at 896,733,047 ordinary fully paid shares and 76,124,478 options expiring on May 30, 2026.