This announcement is a routine ASX filing confirming the issue of new unlisted options and performance rights under our employee incentive scheme, all dated 17 August 2026.

The securities were issued to Tony Swiericzuk, held through Marco Pierre Pty Ltd, and total 48,000,000 across ten classes. These include unlisted options with exercise prices ranging from nil (zero-exercise-price options and performance rights) up to $0.35, and expiry dates stretching from January 2027 through to December 2029. Each class only converts into ordinary VRX shares if the relevant exercise price is paid and, where applicable, any vesting conditions are met, so none of these represent shares on issue today.

The filing also confirms the issue didn't require shareholder approval, relying on an exception under ASX Listing Rule 7.2, and sets out the company's full quoted and unquoted security count following this issue for the record.

For existing shareholders, the practical point is dilution: if all these options and rights are eventually exercised or vested, the total number of shares on issue will increase. Whether and when that happens depends on the exercise prices being met and the terms of the incentive scheme being satisfied.

If you'd like more detail on how this fits with our broader incentive arrangements, feel free to send us a question through the hub.