Ann: Notice under ASX Listing Rule 3.10A, page-3

So all the unlisted options/performance rights had a 2-year escrow are about to have that escrow period end. If they wanted deals could be done to sell or otherwise trade the unlisted options or presumably any shares gained from option exercise. From 26 May 2024 the other 17.0m shares not currently listed become tradeable on the ASX. The disconnect between different MC sources will disappear because all 71.1m shares will be ASX tradable, not just 54.1m. Sources like HC that get it wrong will show a higher MC figure.

The interesting bit to watch will be the 30c unlisted lead manager options that expire on 30 June 2024. If they are exercised it will bring in $0.968m cash to TG6 but also add another 3.225m shares to the share register. With the current share price its unclear if they will be exercised or not. If someone wanted a useful stake just under 5% they may well do a deal with the lead manager because trying to buy 3m shares on market is going to move the price.