Announcement Summary
Entity name
PILOT ENERGY LIMITED
Date of this announcement
Friday September 19, 2025
The +securities the subject of this notification are:
Other
ASX +security
code
Security description
Total number of
+securities to be issued/transferred Issue date
PGYAI
CONVERTIBLE NOTES
4 24/07/2025
Total number of +securities to be issued/transferred
Refer to next page for full details of the announcement
Part 1 - Entity and announcement details
Name of entity
PILOT ENERGY LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
Registered number type
ACN
Registration number
115229984
ASX issuer code
PGY
The announcement is
New announcement
Date of this announcement
19/9/2025
Part 2 - Issue details
The +securities the subject of this notification are:
Other
Please specify
Issuance of convertible notes pursuant to announcement on 11 December 2024.
a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:
has an existing ASX security code ("existing class")
Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B
Additional +securities in an existing class ASX +security code and description PGYAI : CONVERTIBLE NOTES
Date the +securities the subject of this notification were issued
24/7/2025
Will these +securities rank equally in all respects from their issue date with the existing issued
+securities in that class
Yes
Any other information the entity wishes to provide about the +securities the subject of this notification
Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B
Per the announcement to the market on 11 December 2024, four convertible notes have been issued for an amount in aggregate of $180,943 to four sophisticated investors (PVL Investors). The placement of these Notes was arranged by Powerhouse Advisory Australia Pty Ltd (PVL) and they relate to the agreement to issue convertible notes previously announced and are in addition to the notes issued through PVL and announced on 23 January 2025.
The funds provided by the PVL Investors were provided in advance of the issue of the Notes, as unsecured loans, the repayment of which has been offset against the face value of each of the Notes at the time of their issue. Each of the Notes is issued on identical terms to the previous convertible note issues referred to in the ASX announcements referenced above.
Due to an administrative oversight, an appendix 3B was not announced prior to this announcement.
Issue details
Number of +securities
4
Were the +securities issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
The Notes have been issued as consideration for investment of $180,943 in the Company.
Purpose of the issue
To raise additional working capital
Part 4 - +Securities on issue
Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:
The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.
Quoted +securities (Total number of each +class of +securities issued and quoted on ASX) ASX +security code and description
Total number of
+securities on issue
PGY : ORDINARY FULLY PAID 2,158,660,009
PGYOA : OPTION EXPIRING 31-DEC-2026 637,091,607
Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX) ASX +security code and description
Total number of
+securities on issue
PGYAD : OPTION EXPIRING 04-NOV-2025 EX $0.07 10,000,000
PGYAI : CONVERTIBLE NOTES 39
PGYAS : OPTION EXPIRING 01-NOV-2026 EX $0.05 6,000,000
PGYAT : OPTION EXPIRING 07-FEB-2027 EX $0.0405 20,000,000
PGYAH : OPTION EXPIRING 30-APR-2026 EX $0.02 88,846,153
Part 5 - Other Listing Rule requirements
Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1?
No
Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1?
Yes
5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
12/2/2025