Murray Cod Australia adjusts equity with new options and cessations

Murray Cod Australia Limited (MCA) announced the cessation of 1,300,000 unquoted options (MCAAD) expiring on November 25, 2025, with an exercise price of AUD 5.30. These options lapsed due to unfulfilled or incapable conditions. Following this cessation, the total number of MCAAD options on issue dropped to 0. The company's total ordinary fully paid shares remain at 123,882,296.

Concurrently, MCA issued 1,095,237 new unlisted options to key management personnel (KMP) under an employee incentive scheme, approved at the Annual General Meeting on November 18, 2025. These new options, with an exercise price of AUD 1.5225, expire on December 2, 2030, and vest in tranches on November 18, 2026, 2027, and 2028. The aggregate valuation of the new options issued to KMP is stated as AUD 367,000.

Directors Ross Anderson and Mathew Ryan, along with their associated entities, received 476,190 and 476,190 of these new unlisted options, respectively, while Wendy Dillon received 142,857. This issuance adjusts the total unquoted options on issue for the company, with MCAAJ (expiring January 20, 2030, EX AUD 2.25) at 1,500,000, MCAAG (expiring December 21, 2028, EX AUD 3.35) at 1,200,000, MCAAE (expiring April 3, 2026, EX AUD 2.70) at 48,000, and MCAAF (expiring December 5, 2026, EX AUD 2.30) at 1,250,000.