AUS
NZ
UK
CA
USA
IND
Moab Minerals Limited (ASX:MOM) has informed the market that 8,000,000 unquoted performance rights under the code MOMAA have expired on 4 July 2026 without being exercised or converted. The company submitted the cessation notice on 6 July 2026, confirming no consideration was paid related to this lapse. This event decreases the company's pool of unquoted equity securities and updates investors on Moab Minerals' current issued capital structure.<\/p> <\/div>
Key Points<\/h3>
- Company: Moab Minerals Limited (ASX:MOM)<\/li>
- 8,000,000 MOMAA performance rights expired on 4 July 2026 without exercise or conversion<\/li>
- No consideration was paid by the company for the cessation<\/li>
- Ordinary fully paid shares on issue remain at 2,015,702,328 after the lapse<\/li>
- 146,036,296 MOMAA performance rights remain outstanding following the expiration<\/li>
- Investors should monitor further changes to MOM's unquoted equity securities, including upcoming option expiry dates<\/li>
<\/ul>
<\/div>
Moab Minerals Reports Expiry of 8 Million MOMAA Performance Rights<\/h2>
On 6 July 2026, Moab Minerals Limited lodged a formal cessation notice with the ASX stating that 8,000,000 performance rights coded MOMAA ceased on 4 July 2026 due to expiry without exercise or conversion. This indicates that holders did not convert these rights into ordinary shares before the expiry date.<\/p>
Performance rights are incentive securities commonly used by ASX-listed companies, granting holders the right to receive ordinary shares upon meeting specified performance conditions within a set timeframe. If conditions are unmet or rights are not exercised within the allowed period, they lapse automatically. Moab Minerals confirmed no payment was made in connection with this cessation.<\/p>
Impact of MOMAA Performance Rights Expiry on Moab Minerals' Issued Capital<\/h2>
Following the lapse of 8,000,000 MOMAA performance rights, the total ordinary fully paid shares on issue remain unchanged at 2,015,702,328. Since performance rights are unquoted securities, their expiry does not reduce the number of ordinary shares but removes potential dilution that would have occurred if exercised.<\/p>
From a capital management standpoint, this lapse slightly lowers the company's potential dilutive overhang. Investors tracking Moab Minerals’ fully diluted share count will note the reduction of 8,000,000 performance rights in the securities register.<\/p>
Outstanding MOMAA Performance Rights and Unquoted Securities Post-Expiry<\/h2>
Despite the lapse, Moab Minerals still has 146,036,296 MOMAA performance rights outstanding, according to the company’s issued capital table. These remaining rights could lead to additional ordinary shares if conditions are met and they are exercised.<\/p>
Investors should monitor this significant balance of performance rights, as it represents a potential source of future dilution. The company did not disclose specific performance conditions or vesting schedules for these remaining rights in this update.<\/p>
Moab Minerals’ Unquoted Options and Their Expiry Dates<\/h2>
In addition to MOMAA rights, Moab Minerals has two classes of unquoted options outstanding. The MOMAI options number 22,509,072, expiring on 4 July 2027 with an exercise price of $0.016 each. The larger MOMAJ class includes 524,333,333 options expiring on 5 December 2027 with an exercise price of $0.008 each.<\/p>
These upcoming expiry dates are important milestones for investors. Whether holders exercise or let these options lapse will depend on the prevailing MOM share price relative to exercise prices at those times. The company did not comment on the likelihood of exercise for these options in this update.<\/p>
No Financial Outlay for Moab Minerals Due to Performance Rights Expiry<\/h2>
The company confirmed that no consideration was paid to holders of the expired performance rights. This aligns with standard practice where unexercised performance rights expire without any cash transaction.<\/p>
This means Moab Minerals incurred no direct financial cost from this lapse, and the company avoided potential dilution from issuing additional shares related to these rights.<\/p>
Moab Minerals’ Ordinary Share Count Remains Above 2 Billion<\/h2>
As detailed in Part 3 of the cessation notice, the total ordinary fully paid shares remain at 2,015,702,328. This figure represents the company’s quoted equity securities used by the ASX to calculate market capitalization.<\/p>
The unchanged share count reflects that the expired performance rights were never converted. Had they been exercised, the share count would have increased by up to 8,000,000 shares. Existing shareholders’ ownership percentages remain unaffected by this lapse.<\/p>
Moab Minerals’ Capital Structure Following the Expiry Event<\/h2>
The company’s securities register shows a capital structure comprising a large number of unquoted convertible securities alongside the ordinary shares. Along with 146,036,296 MOMAA performance rights, there are 22,509,072 MOMAI options and 524,333,333 MOMAJ options outstanding. Combined with the 2,015,702,328 ordinary shares, the total potential fully diluted securities count is substantially higher than the quoted share count alone.<\/p>
Investors should consider the presence of over 692 million unquoted options and performance rights when evaluating Moab Minerals’ capital structure. The company did not provide details on performance conditions for remaining rights or guidance on expected option exercises.<\/p>
Regulatory Compliance: ASX Appendix 3H Filing<\/h2>
The cessation notice was filed in accordance with ASX Listing Rules requiring prompt notification when securities cease to exist. The Appendix 3H form mandates disclosure of the number of securities ceased, reason, cessation date, and updated issued capital.<\/p>
Moab Minerals’ filing on 6 July 2026 complies with these requirements, recording the cessation date as 4 July 2026 and confirming no consideration was paid. This level of disclosure is standard for such regulatory filings.<\/p>
Investor Implications of the MOMAA Performance Rights Lapse<\/h2>
The expiry of 8,000,000 performance rights represents a contained capital structure event, slightly reducing the theoretical fully diluted share count and potential dilution. However, substantial dilution risk remains from the company’s outstanding unquoted securities, particularly the 524,333,333 MOMAJ options.<\/p>
The immediate impact on the share price is unclear from public information. Investors should monitor future updates for changes to remaining performance rights, option exercises, or other capital structure developments. Key upcoming dates include the MOMAI options expiry on 4 July 2027 and MOMAJ options expiry on 5 December 2027.<\/p>
Moab Minerals Reports Expiry of 8 Million MOMAA Performance Rights<\/h2>
On 6 July 2026, Moab Minerals Limited lodged a formal cessation notice with the ASX stating that 8,000,000 performance rights coded MOMAA ceased on 4 July 2026 due to expiry without exercise or conversion. This indicates that holders did not convert these rights into ordinary shares before the expiry date.<\/p>
Performance rights are incentive securities commonly used by ASX-listed companies, granting holders the right to receive ordinary shares upon meeting specified performance conditions within a set timeframe. If conditions are unmet or rights are not exercised within the allowed period, they lapse automatically. Moab Minerals confirmed no payment was made in connection with this cessation.<\/p>
Impact of MOMAA Performance Rights Expiry on Moab Minerals' Issued Capital<\/h2>
Following the lapse of 8,000,000 MOMAA performance rights, the total ordinary fully paid shares on issue remain unchanged at 2,015,702,328. Since performance rights are unquoted securities, their expiry does not reduce the number of ordinary shares but removes potential dilution that would have occurred if exercised.<\/p>
From a capital management standpoint, this lapse slightly lowers the company's potential dilutive overhang. Investors tracking Moab Minerals’ fully diluted share count will note the reduction of 8,000,000 performance rights in the securities register.<\/p>
Outstanding MOMAA Performance Rights and Unquoted Securities Post-Expiry<\/h2>
Despite the lapse, Moab Minerals still has 146,036,296 MOMAA performance rights outstanding, according to the company’s issued capital table. These remaining rights could lead to additional ordinary shares if conditions are met and they are exercised.<\/p>
Investors should monitor this significant balance of performance rights, as it represents a potential source of future dilution. The company did not disclose specific performance conditions or vesting schedules for these remaining rights in this update.<\/p>
Moab Minerals’ Unquoted Options and Their Expiry Dates<\/h2>
In addition to MOMAA rights, Moab Minerals has two classes of unquoted options outstanding. The MOMAI options number 22,509,072, expiring on 4 July 2027 with an exercise price of $0.016 each. The larger MOMAJ class includes 524,333,333 options expiring on 5 December 2027 with an exercise price of $0.008 each.<\/p>
These upcoming expiry dates are important milestones for investors. Whether holders exercise or let these options lapse will depend on the prevailing MOM share price relative to exercise prices at those times. The company did not comment on the likelihood of exercise for these options in this update.<\/p>
No Financial Outlay for Moab Minerals Due to Performance Rights Expiry<\/h2>
The company confirmed that no consideration was paid to holders of the expired performance rights. This aligns with standard practice where unexercised performance rights expire without any cash transaction.<\/p>
This means Moab Minerals incurred no direct financial cost from this lapse, and the company avoided potential dilution from issuing additional shares related to these rights.<\/p>
Moab Minerals’ Ordinary Share Count Remains Above 2 Billion<\/h2>
As detailed in Part 3 of the cessation notice, the total ordinary fully paid shares remain at 2,015,702,328. This figure represents the company’s quoted equity securities used by the ASX to calculate market capitalization.<\/p>
The unchanged share count reflects that the expired performance rights were never converted. Had they been exercised, the share count would have increased by up to 8,000,000 shares. Existing shareholders’ ownership percentages remain unaffected by this lapse.<\/p>
Moab Minerals’ Capital Structure Following the Expiry Event<\/h2>
The company’s securities register shows a capital structure comprising a large number of unquoted convertible securities alongside the ordinary shares. Along with 146,036,296 MOMAA performance rights, there are 22,509,072 MOMAI options and 524,333,333 MOMAJ options outstanding. Combined with the 2,015,702,328 ordinary shares, the total potential fully diluted securities count is substantially higher than the quoted share count alone.<\/p>
Investors should consider the presence of over 692 million unquoted options and performance rights when evaluating Moab Minerals’ capital structure. The company did not provide details on performance conditions for remaining rights or guidance on expected option exercises.<\/p>
Regulatory Compliance: ASX Appendix 3H Filing<\/h2>
The cessation notice was filed in accordance with ASX Listing Rules requiring prompt notification when securities cease to exist. The Appendix 3H form mandates disclosure of the number of securities ceased, reason, cessation date, and updated issued capital.<\/p>
Moab Minerals’ filing on 6 July 2026 complies with these requirements, recording the cessation date as 4 July 2026 and confirming no consideration was paid. This level of disclosure is standard for such regulatory filings.<\/p>
Investor Implications of the MOMAA Performance Rights Lapse<\/h2>
The expiry of 8,000,000 performance rights represents a contained capital structure event, slightly reducing the theoretical fully diluted share count and potential dilution. However, substantial dilution risk remains from the company’s outstanding unquoted securities, particularly the 524,333,333 MOMAJ options.<\/p>
The immediate impact on the share price is unclear from public information. Investors should monitor future updates for changes to remaining performance rights, option exercises, or other capital structure developments. Key upcoming dates include the MOMAI options expiry on 4 July 2027 and MOMAJ options expiry on 5 December 2027.<\/p>
