Osmond Resources Announces Expiry of 121,000 Unlisted Options at $0.25 Exercise Price

121,000 OSMAL Options Expire Unexercised at $0.25 Exercise Price

Osmond Resources Limited confirmed in its Appendix 3H filing dated 15 July 2026 that 121,000 unquoted options under the ASX security code OSMAL expired on 10 July 2026 without being exercised or converted into ordinary shares. These options carried an exercise price of $0.25 each. The cessation was due to the options expiring without exercise or conversion, with no cash or other consideration exchanged. The company stated it had no additional information to disclose regarding this event.

The expiry indicates that option holders did not exercise their rights to acquire ordinary shares at the $0.25 strike price before expiry. The lapse removes the potential dilutive effect that these options represented for existing shareholders. Although the 121,000 options are a relatively small portion of the company’s overall capital structure, ASX Listing Rules require formal notification through an Appendix 3H to keep the market informed of changes to issued capital.

Osmond Resources’ Quoted Share Capital After Option Expiry

Following the expiry of the 121,000 OSMAL options, Osmond Resources’ quoted equity capital consists of 138,027,916 ordinary fully paid shares under the ASX code OSM. This figure represents the total quoted ordinary shares contributing to the company’s market capitalization as published by ASX. It is important to note that Appendix 3H figures are automatically generated and may not fully reflect the current issued capital if other related forms are concurrently processed by ASX.

The ordinary share count of 138,027,916 provides a baseline for investors to assess the company’s fully diluted capital position when considering the remaining unquoted option classes. Ordinary fully paid shares carry standard shareholder rights, including voting and dividend entitlements, subject to company discretion and performance. Investors should also consider the outstanding unquoted options disclosed in the update.

Osmond Resources’ Remaining Unquoted Options Across Nine Classes

After the OSMAL expiry, Osmond Resources still has a substantial number of unquoted options across nine classes with varying exercise prices and expiry dates. These include: 22,500,000 options under OSMAO expiring 31 December 2028 at $0.15; 4,010,791 options under OSMAN expiring 30 November 2027 at $0.30; 4,500,000 options under OSMAM expiring 15 December 2026 at $0.30; 4,000,000 options under OSMAP expiring 23 April 2029 at $0.75; 8,500,000 options under OSMAQ expiring 6 June 2029 at $0.90; 8,250,000 options under OSMAT expiring 31 December 2027 at $1.20; 3,250,000 options under OSMAR expiring 30 June 2028 at $1.50; and 1,750,000 options under OSMAS expiring 28 October 2028 at $1.75.

Additionally, 1,392,000 options remain under the OSMAL series, the same class as the expired options, though the filing notes that figures may not reflect all concurrent changes in real time. Collectively, this represents a significant pool of unquoted options that, if exercised fully, would lead to meaningful additional shares issued. Exercise prices range from $0.15 to $1.75, indicating diverse potential capital raising outcomes depending on share price at exercise. Investors may pay particular attention to the large OSMAO series of 22,500,000 options at $0.15.

Implications of the $0.25 Strike Price Option Expiry

The expiry of the 121,000 OSMAL options at $0.25 without exercise suggests holders did not find it financially beneficial to exercise before expiry. This could be due to the market price of shares relative to the exercise price, individual strategies, or administrative decisions. The company’s update does not provide management commentary on the non-exercise.

The immediate impact on share price was unclear from public data. However, the cessation removes a minor potential dilution source, as these 121,000 shares will no longer be issued at $0.25 each. This number is small compared to the 138,027,916 shares already on issue and the broader pool of unquoted options. Market participants may consider this event when evaluating the company’s capital management and option lifecycle.

Appendix 3H Filing Requirement for ASX-Listed Companies

The Appendix 3H form is a mandatory disclosure under ASX Listing Rules when a listed entity must notify the exchange of security cessations, including expiry without exercise, cancellation, conversion, or redemption. Osmond Resources lodged its Appendix 3H on 15 July 2026 following the expiry of OSMAL options on 10 July 2026. This routine compliance ensures timely, accurate market information about changes in issued capital.

Transparency in capital structure is vital to ASX’s continuous disclosure regime. By requiring Appendix 3H filings for all security cessations, regardless of size, ASX helps investors, analysts, and data providers maintain precise records of outstanding securities. Osmond Resources confirmed no consideration was paid for the expiry, consistent with typical option lapse events, and had no further information to disclose.

Osmond Resources’ Capital Structure Features Multiple Option Expiries Through 2029

The company’s capital structure, as detailed in the Appendix 3H, includes a broad unquoted option program with expiries extending to April and June 2029. The next near-term expiry is the OSMAM series of 4,500,000 options expiring 15 December 2026 at $0.30, representing a milestone for investors to watch.

Subsequent expiries include the OSMAN series (4,010,791 options at $0.30) expiring 30 November 2027, and the OSMAT series (8,250,000 options at $1.20) expiring 31 December 2027, both potentially leading to significant share issuances if share prices exceed strike prices. The largest class remains OSMAO with 22,500,000 options at $0.15 expiring 31 December 2028. No guidance on expected option exercises was provided.

About Osmond Resources Limited

Osmond Resources Limited (ASX:OSM), incorporated under ACN 649 477 734, operates as an ASX-listed company. While this update focuses on capital structure, the company’s multiple unquoted option classes with exercise prices from $0.15 to $1.75 suggest a profile typical of an exploration or early-stage resource company using options for capital and incentives. No operational or financial updates accompanied this notification.

With 138,027,916 ordinary fully paid shares and numerous unquoted options outstanding, Osmond Resources’ fully diluted share count could be significantly higher if all options are exercised. Investors and analysts should consider the timing and pricing of each option class when evaluating potential dilution. Option exercise depends on holder decisions, and the recent OSMAL expiry underscores that not all options convert to shares.

Risks Related to Osmond Resources’ Multi-Class Option Structure

A key risk for companies with many unquoted options is shareholder dilution if options are exercised. Osmond Resources’ remaining unquoted options, spanning nine classes, represent a substantial number relative to the 138,027,916 ordinary shares. Significant exercises, especially from large classes like OSMAO (22,500,000 options) and OSMAQ (8,500,000 options), could materially dilute existing shareholders’ stakes.

Conversely, options expiring unexercised, as with the recent OSMAL lapse, eliminate dilution but also mean the company does not receive exercise proceeds. Non-exercise of lower-priced options may indicate market prices below expectations at expiry. The company provided no commentary on these risks or management’s outlook on future exercises in this update. Investors should review the full capital structure and option terms when assessing Osmond Resources.