Clearview Wealth reduces issued capital after buy-back, lapsed rights

Clearview Wealth Limited (ASX:CVW) announced on September 9, 2025, the cessation of over 13 million securities, resulting in changes to its issued capital. The company cancelled 11,427,457 ordinary fully paid shares (CVW) on August 28, 2025, as part of an on-market buy-back. This transaction involved a total consideration of AUD 5,424,397.31. Following this, the number of ordinary fully paid shares on issue stands at 646,285,228.

In addition to the buy-back, 1,990,746 performance rights (CVWAA) ceased on August 27, 2025. These rights lapsed because their underlying conditions were not met or became incapable of being satisfied. No consideration was paid by the entity for the cessation of these performance rights.

As a result of these cessations, the number of unquoted performance rights (CVWAA) is now 7,513,250, while restricted rights (CVWAB) remain at 2,605,158. The company clarified that the lapsed performance rights were related to the FY22 Long-Term Value Recognition (LTVR) program.