300,000 PVTAA performance rights held by Pivotal Metals have lapsed because their vesting conditions were not met.
- 300,000 PERFORMANCE RIGHTS (PVTAA) ceased on 22/10/2026 due to lapse of conditional rights because the conditions had not been, or had become incapable of being, satisfied.
- No consideration was paid by the entity for the cessation.
- Following this cessation, PVTAA (PERFORMANCE RIGHTS) total on issue is 11,077,888.
- Total quoted PVT ORDINARY FULLY PAID securities on issue remain at 1,315,095,494.
- Various unquoted option classes remain on issue, ranging from 3,000,000 to 40,000,000 securities each.
Performance rights that ceased
300,000p.1
Date of cessation
22/10/2026p.1
PVT Ordinary fully paid securities on issue
1,315,095,494p.4
PVTAA Performance rights remaining on issue
11,077,888p.4
PVTAC Options on issue
40,000,000p.4
PVTAD Options on issue
12,000,000p.4
PVTAX Options on issue
12,000,000p.4
This is a routine corporate administration filing reflecting that certain performance rights did not vest as their conditions were not satisfied, resulting in their cancellation. It does not involve any new issuance or capital raising and has no cash impact, as no consideration was paid.
Announcement Summaryp.1
Details of securities that have ceased
p.1| ASX security code | Security description | Number of securities that have ceased | The securities have ceased due to | Date of cessation |
|---|---|---|---|---|
| PVTAA | PERFORMANCE RIGHTS | 300,000 | Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied | 22/10/2026 |
Part 1 - Announcement Detailsp.2
Name of Entity: PIVOTAL METALS LIMITED. Registered Number Type: ACN. Registration Number: 623130987. ASX issuer code: PVT. The announcement is: New announcement. Date of this announcement: 22/10/2026.p.2
Part 2 - Details of equity securities or debt securities that have ceasedp.3
ASX Security Code and Description: PVTAA : PERFORMANCE RIGHTS. Unquoted equity securities that have ceased. Number of securities that have ceased: 300,000. Reason for cessation: Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied. Date of cessation: 22/10/2026. Is the entity paying any consideration for the cessation? No. Any other information the entity wishes to notify to ASX about the cessation? None provided.p.3
Part 3 - Issued capital following changesp.4
Following the cessation of the securities the subject of this notification, the issued capital of the entity will comprise the figures below. The figures in parts 3.1 and 3.2 are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.p.4
3.1 Quoted equity securities and debt securities
p.4| ASX security code and description | Total number of securities on issue |
|---|---|
| PVT : ORDINARY FULLY PAID | 1,315,095,494 |
3.2 Unquoted equity securities
p.4| ASX security code and description | Total number of securities on issue |
|---|---|
| PVTAC : OPTION EXPIRING 22-DEC-2028 EX $0.025 | 40,000,000 |
| PVTAB : OPTION EXPIRING 23-JUL-2027 EX $0.04 | 6,000,000 |
| PVTAD : OPTION EXPIRING 07-JAN-2029 EX $0.025 | 12,000,000 |
| PVTAA : PERFORMANCE RIGHTS | 11,077,888 |
| PVTAR : OPTION EXPIRING 05-DEC-2026 EX $0.0425 | 3,000,000 |
| PVTAS : OPTION EXPIRING 05-DEC-2027 EX $0.03 | 4,000,000 |
| PVTAT : OPTION EXPIRING 05-DEC-2027 EX $0.0425 | 4,000,000 |
| PVTAU : OPTION EXPIRING 05-DEC-2027 EX $0.055 | 4,000,000 |
| PVTAV : OPTION EXPIRING 22-NOV-2028 EX $0.025 | 7,500,000 |
| PVTAW : OPTION EXPIRING 22-NOV-2028 EX $0.023 | 6,000,000 |
| PVTAX : OPTION EXPIRING 02-DEC-2027 EX $0.011 | 12,000,000 |