Credit Clear Limited Grants Over 7 Million Unquoted Share Rights to Employees in Incentive Program

Details of Credit Clear’s Employee Incentive Scheme and CCRAG Share Rights Allocation

Credit Clear Limited has officially informed the market of issuing 7,044,669 share rights classified under CCRAG, part of its employee incentive scheme. These unquoted securities are not traded on the ASX like ordinary shares. The issue date was 1 April 2026, with the disclosure lodged on 14 July 2026 via an Appendix 3G form, the regulatory filing used for reporting unquoted equity securities not intended for listing.

The newly issued share rights rank equally with existing CCRAG securities from the issue date. Employee incentive schemes like this are commonly employed by ASX-listed companies to align employee and management interests with shareholders by granting an economic stake in the company’s future performance. The scheme’s terms are outlined in Schedule 1 of the General Meeting notice dated 23 December 2025, publicly accessible through Credit Clear’s ASX disclosures. This update did not specify vesting criteria or performance conditions attached to the share rights.

Key Management Personnel Victor Peplow Receives 562,042 Share Rights via Peplow Family Trust

Within the total share rights issued, 562,042 were allocated to key management personnel Victor Peplow, held through Peplow Investments Pty Ltd ATF Peplow Family Trust. Disclosure of KMP equity grants complies with ASX Listing Rules and provides investors insight into senior management remuneration and retention strategies.

Granting share rights through the Peplow Family Trust, an associated entity rather than Peplow personally, is a standard and permissible structure. The remaining share rights from the total 7,044,669, excluding those granted to Peplow, were not attributed to other named KMP, implying distribution among other eligible employees. Identities and allocations of these other participants were not disclosed.

Total CCRAG Share Rights Outstanding Increase to 8,910,219 After Latest Issuance

Following this issuance, total CCRAG share rights outstanding rose to 8,910,219, as reported in Part 4 of the Appendix 3G form. ASX cautions that figures in this section are system-generated and may not fully reflect current issued capital if other filings are processed simultaneously.

These unquoted CCRAG share rights do not trade on the ASX order book. Upon vesting and conversion to ordinary shares, they will increase Credit Clear’s ordinary share count. Investors should consider the full unquoted securities register, which includes these share rights and multiple option classes, when assessing potential dilution. The update did not disclose vesting timelines or conversion prices for CCRAG share rights.

Credit Clear’s Unquoted Securities Register Includes Multiple Option Classes with Various Expiry Dates

Besides CCRAG share rights, Credit Clear’s unquoted securities register includes three option classes: 10,000,000 options (CCRAI) expiring 30 November 2027 at $0.40 exercise price; 15,500,000 options (CCRAH) expiring 30 June 2027 at $0.31 exercise price; and 11,300,000 options (CCRAD) with varying expiry dates and exercise prices.

Combined, these represent 36,800,000 options alongside 8,910,219 CCRAG share rights, indicating significant potential future additions to the current 500,646,701 fully paid ordinary shares. Investors evaluating fully diluted share capital should factor in these unquoted securities. No changes to these option classes were reported in this update.

Credit Clear’s Ordinary Shares Total 500,646,701 Fully Paid Shares on Issue

As of this update, Credit Clear Limited has 500,646,701 ordinary fully paid shares outstanding, trading under ASX code CCR. This figure is sourced from the Appendix 3G securities on issue table and represents the company’s quoted share capital. Ordinary shares are the primary equity instrument for retail and institutional investors on the ASX.

The 7,044,669 newly issued CCRAG share rights represent roughly 1.4% of the current ordinary share count alone. Considering the broader unquoted securities pool—including 8,910,219 CCRAG share rights and 36,800,000 options—the potential dilution impact could be more substantial if all securities convert or are exercised. The immediate share price effect of this issuance was not disclosed.

Share Rights Issuance Utilizes Listing Rule 7.2 Exception 13, Avoiding Need for Shareholder Approval

Credit Clear confirmed in Part 5 of the Appendix 3G that the share rights were issued under ASX Listing Rule 7.2 Exception 13, exempting the issuance from shareholder approval requirements under Listing Rule 7.1. This rule generally mandates shareholder approval for issuances exceeding 15% of issued capital within 12 months. Exception 13 applies to securities issued under an approved employee incentive scheme.

This reliance aligns with the scheme terms disclosed in the 23 December 2025 General Meeting notice, indicating prior shareholder approval. This approach is standard among ASX-listed companies to efficiently manage equity-based remuneration while complying with governance requirements. Specific resolution details or shareholder vote outcomes were not disclosed but are publicly accessible.

About Credit Clear and Its Role in Australia’s Receivables Management Industry

Credit Clear Limited is an Australian fintech company providing receivables management and debt resolution services. Its digital-first platform facilitates improved debt recovery by enhancing communication between creditors and debtors, aiming to increase recovery rates while reducing adversarial interactions typical of traditional collection methods.

Listed on the ASX as CCR, Credit Clear operates under regulatory oversight from ASIC and AFCA. Its business is influenced by economic factors such as consumer and commercial debt levels, interest rates, and overall financial health of households and businesses in Australia. This update focused solely on the share rights issuance without operational or financial performance commentary.

Implications of CCRAG Share Rights Issuance for Credit Clear’s Employee Retention Strategy

Issuing share rights through an employee incentive scheme is a common strategy among ASX-listed technology and fintech companies to attract, retain, and motivate talent amid competitive labour markets. For Credit Clear, maintaining a skilled workforce is vital to platform growth, client expansion, and competitive positioning in receivables management.

Granting share rights aligns employee and management financial interests with long-term company performance and shareholder value. Recipients, including key management personnel like Victor Peplow, benefit only if the company’s share price appreciates over the vesting period, fostering shared incentives. However, investors should consider the dilution risk as share rights vest and convert, increasing total shares outstanding. No performance conditions or vesting details were disclosed in this update.