KMD Brands issues performance rights under long-term incentive plan

KMD Brands Limited has announced the issue of 3,836,782 performance rights under its Long-Term Incentive Plan (LTI Plan). These rights, convertible into fully paid ordinary shares, are unquoted and subject to meeting defined vesting criteria. The performance rights represent 37.444% of the financial products of that class. Notably, KMD Brands' Group CEO, Brent Scrimshaw, will receive performance rights as part of his employment package, with the maximum potential grant for the year ending July 31, 2025, set at 150% of his fixed annual remuneration. 50% of the performance rights that vest will depend on KMD Brands Limited's Earnings Per Share Compound Annual Growth Rate and the remaining 50% that vest will depend on KMD Brands Limited's Total Shareholder Return performance, over the three-year Performance Period between 1 August 2024 and 31 July 2027. Holders will be eligible for Ordinary Shares vesting on September 30, 2027, if they remain employed by the company at the end of the performance period. The issue was authorized by Board resolution on April 7, 2025.