Zeotech expands quoted securities following performance right conversions

Zeotech Limited (ASX: ZEO) has applied for the quotation of 2,000,000 new ordinary fully paid securities following the conversion of performance rights. This announcement, dated December 3, 2025, will bring the total number of quoted ordinary shares to 2,057,320,690. The conversion resulted from the satisfaction of service vesting conditions, with no cash consideration provided for the new securities.

The converted performance rights were part of an employee incentive scheme, with a significant portion held by key management personnel. Scott Burkhart converted 2,000,000 performance rights into ordinary shares. The estimated value of the consideration provided per security for these conversions is AUD 0.083000.

Following this quotation, the company's unquoted securities, specifically performance rights (ZEOAS: PERFORMANCE RIGHTS), will stand at 52,500,000. The newly quoted ordinary shares are expected to rank equally in all respects with the existing issued securities from their issue date.