Lynas Rare Earths adjusts capital, issues shares under employee scheme

Lynas Rare Earths Limited (ASX:LYC) today announced the quotation of 672,840 fully paid ordinary shares, effective September 8, 2025. These securities were previously issued under an employee incentive scheme, with transfer restrictions having ceased. The company noted these new shares will rank equally with existing ordinary fully paid shares from their issue date.

The consideration for these securities, valued at AUD 0.000000 per security, was provided under the Lynas Employee Share Scheme, with further details available in the Lynas 2025 Annual Report. Following this quotation, the total number of ordinary fully paid shares on issue for Lynas Rare Earths Limited will increase to 992,723,486.

Concurrently, Lynas Rare Earths also reported the cessation of 828,227 unquoted performance rights (ASX:LYCAU), also effective September 8, 2025. These performance rights, part of the same employee incentive scheme, ceased due to the lapse of conditional rights where performance conditions were not met or became incapable of being satisfied. No consideration was paid by the entity for this cessation.

After accounting for both the newly quoted shares and the ceased performance rights, the total number of unquoted performance rights expiring on various dates has been adjusted to 3,740,281. The company's overall issued capital structure reflects these changes.