The Koala Company Seeks ASX Quotation for 68,374 New Shares Following Option Exercises and Performance Rights Conversion

Two Tranches Constitute the 68,374 Shares Submitted for Quotation

The Koala Company’s recent update details two distinct tranches of new ordinary shares introduced to the market. The first tranche comprises 54,100 fully paid ordinary shares issued on 13 May 2026, resulting from the exercise of options classified under KOAAA — options with varying expiry dates and exercise prices. The second tranche consists of 14,274 fully paid ordinary shares issued on 23 June 2026, arising from the conversion of performance rights under the KOAAB security class.

Both tranches will be added to the existing class of KOA ordinary shares already quoted on the ASX, granting them equal rank in all respects from their respective issue dates alongside the existing share capital. The company confirmed this equal ranking in its quotation application, complying with ASX Listing Rules. The two separate issue dates and security classes reflect the typical lifecycle of employee and management incentive instruments being exercised or vested progressively.

Option Exercise at A$0.7352 Per Share Generates Cash Proceeds for The Koala Company

The 54,100 shares issued from option exercises (KOAAA) were priced at A$0.7352 each, with cash consideration paid in Australian dollars. This implies the company received approximately A$39,764 from option holders upon exercise, calculated based on the disclosed exercise price and volume, although the company did not explicitly state total proceeds in the announcement.

All 54,100 options were exercised on 13 May 2026, the sole exercise date for this tranche. The announcement notes these are not all options outstanding under KOAAA, leaving 5,101,779 unquoted options still available for future exercise. Investors may watch for additional exercises that would increase the share count and provide further cash inflows.

Performance Rights Held by Key Management Personnel Convert at Nil Cost Under March 2026 Prospectus

The second tranche of 14,274 shares resulted from the conversion of performance rights (KOAAB) issued at no cash cost to recipients. The company estimated the value of these shares at A$3.08 each at issuance, reflecting the market value assigned upon vesting. These rights were issued pursuant to the company’s prospectus dated 13 March 2026, with an ASX in-principle waiver from Listing Rule 1.1 condition 12 applying to the conversion.

Importantly, the announcement confirms these performance rights were held by key management personnel (KMP) or their associates and were granted under an employee incentive scheme. This disclosure highlights that senior management received equity as part of their remuneration. The conversion period spanned 11 May 2026 to 23 June 2026, with the official issue date recorded as 23 June 2026.

Total Quoted Ordinary Shares Increase to 90,673,345 Following Quotation

After listing both tranches, The Koala Company’s total quoted ordinary shares will reach 90,673,345 fully paid shares. This figure is generated by the ASX system and may not reflect the company’s current issued capital if other forms are being processed concurrently. Investors should view this number as indicative until final confirmation.

The 68,374 new shares represent less than 0.08% of the total quoted capital post-quotation. This small dilution is not significant alone but contributes to the gradual expansion of the share register as incentive securities convert. The immediate impact on share price was not disclosed.

Substantial Unquoted Securities Pool Indicates Potential for Further Share Issuances

Following this quotation, The Koala Company retains a significant pool of unquoted securities that may convert into ordinary shares in the future. As detailed in Part 4.2 of the application, these include 5,101,779 options (KOAAA), 1,664,173 performance rights (KOAAB), and 20,500 restricted stock units (KOAAC).

The largest portion is the over five million unquoted options. Should a significant number be exercised—especially if the share price rises above exercise prices—this could materially affect the company’s capital structure. The performance rights and restricted stock units complete the pipeline of potential equity issuances from existing incentive plans.

ASX In-Principle Waiver from Listing Rule 1.1 Condition 12 Applies to Performance Rights Conversion

The update notes an ASX in-principle waiver from Listing Rule 1.1 condition 12 was granted for the performance rights conversion. Listing Rule 1.1 governs conditions for admission and ongoing compliance on the ASX official list. The company did not elaborate on the waiver’s specifics beyond its application to the rights issued under the 13 March 2026 prospectus.

Such waivers are common for newly listed companies or those with tailored equity incentive arrangements. The waiver indicates the company sought and received regulatory clarity before issuing and converting these performance rights. Investors seeking details may consult the 13 March 2026 prospectus or contact the company’s investor relations team.

Employee Incentive Scheme Highlights The Koala Company’s Equity-Based Remuneration Strategy

The two security classes—options (KOAAA) and performance rights (KOAAB)—demonstrate The Koala Company’s multi-instrument approach to employee and management incentives. Options require cash exercise and offer leveraged upside tied to share price gains, while performance rights vest at no cost, typically linked to service or performance milestones, though specific conditions were not detailed here.

The conversion of KMP-held performance rights marks progression of the company’s incentive plan, especially given the recent 13 March 2026 prospectus. The company did not specify which KMP received shares or the amounts allocated. For detailed information, investors should review the company’s remuneration report in its latest annual report or related director interest notices.

Implications of the Quotation Application for KOA Shareholders

The Appendix 2A filing is the formal process for ASX-listed companies to apply for trading of newly issued securities. Until ASX confirms quotation, the 68,374 shares are issued but not yet tradable on the secondary market. The application was lodged on 2 July 2026, and barring any ASX queries, trading typically commences shortly thereafter.

For existing KOA shareholders, this means a slight increase in total shares outstanding and a marginal dilution of holdings. Given the small size of these tranches relative to total shares, the near-term dilutive effect is minimal. However, with over 6.7 million unquoted securities outstanding—including options, performance rights, and restricted stock units—investors should monitor future Appendix 2A filings as these incentives mature and convert.

The Koala Company’s Capital Structure After the July 2026 Quotation Application

Post-quotation, The Koala Company will have 90,673,345 quoted fully paid ordinary shares under ticker KOA, alongside the unquoted securities outlined above. This capital structure, combining ordinary equity, employee options, performance rights, and restricted stock units, is typical for a growth-focused consumer company leveraging equity-based remuneration to attract and retain talent.

The company did not provide updated market capitalisation, cash position, or operating performance data in this filing, as Appendix 2A submissions are administrative and focus solely on quotation of new securities. Investors seeking comprehensive financial and strategic insights should consult the company’s latest financial reports, investor presentations, or other ASX continuous disclosure documents.