Allied Farmers issues performance share rights to boost value

Allied Farmers Limited (ALF) issued 239,217 unlisted performance share rights (PSRs) on September 22, 2025. These PSRs, representing 62.44% of the total class, are part of the company’s long-term incentive plan rules 2025-26 and are issued for nil consideration. Each PSR grants the right to receive an Allied Farmers' ordinary share, or cash consideration, contingent on vesting conditions.

The vesting conditions for these PSRs will be measured over a performance period from July 1, 2025, to June 30, 2028. Vesting is tied to the three-year average of group NPAT, with 50% of rights paid if 80% of the target is achieved, and 100% paid if 100% or more of the target is achieved, with pro-rata allocation between these levels. No rights vest if less than 80% of the target is met.

Following this issuance, the total number of financial products of the class, excluding treasury stock, stands at 622,281. The initiative aims to enhance employee alignment with the creation of long-term shareholder value.