Endeavour Group converts shares, rights lapse from incentive plans

Endeavour Group Limited has reported the conversion of 515,477 unquoted securities into fully paid ordinary shares on September 1, 2025. This includes 295,497 performance rights converting from its F23 long term incentive (LTI) plan for key management personnel (KMP) and non-KMP. Among the KMP, Kathleen Beattie received 13,648 shares, Scott Davidson 19,343, Agnieszka Pfeiffer-Smith 18,984, and Peter Hardy 7,291. Peter Hardy’s vested shares represent 15% of his F23 LTI plan, with 41,321 performance rights lapsing due to conditions not being met, leading to a direct holding of 36,442 fully paid ordinary shares.

Additionally, 12,330 share rights were converted to ordinary fully paid shares for non-executive directors (NEDs) under the NED equity plan, with Duncan Makeig and Joanne Pollard each receiving 6,165 shares, representing a value of $24,999.20. Another 172,938 share rights from the F23 deferred short term incentive (DSTI) and 34,712 share rights from the F24 DSTI for KMP and non-KMP were also converted into ordinary shares.

Concurrently, 1,674,612 performance rights ceased on September 1, 2025, due to the non-satisfaction or incapability of satisfying conditional rights under the F23 long term incentive plan. Following these changes, Endeavour Group Limited’s issued capital now comprises 1,790,980,017 fully paid ordinary shares, 2,783,563 unquoted share rights, and 7,615,144 unquoted performance rights.