McMillan Shakespeare adjusts director's interests and incentive plan securities

McMillan Shakespeare Limited (ASX:MMS) announced changes to director Roberto De Luca's interests, reflecting adjustments to his unquoted share rights and performance rights. As of September 16, 2025, De Luca's direct holdings now include 91,232 ordinary fully paid shares, 90,970 performance rights, and 5,884 share rights, while his indirect interest of 8,668 ordinary fully paid shares remains unchanged. This follows the issue of 5,884 share rights to De Luca as incentive-based remuneration, approved by shareholders on October 25, 2024, and the conversion and lapsing of performance rights.

These changes involved the acquisition of 5,884 share rights and 93,961 performance rights, alongside the disposal of 91,232 ordinary fully paid shares. The total number of securities held prior to these changes was 184,931 performance rights (direct) and 8,668 ordinary fully paid shares (indirect).

Additionally, the company reported the cessation of 29,962 performance rights (MMSAD) and 2,096 share rights (MMSAR) as of September 16, 2025, due to unmet or incapable conditions. Concurrently, McMillan Shakespeare issued 14,407 unlisted Share Rights (MMSAR) to participants under its Executive Incentive Plan, including 5,884 to Roberto De Luca and 1,996 to Paul Varro, ranking equally with existing MMSAR securities. Following these transactions, the total unquoted securities comprise 324,874 performance rights and 21,530 share rights.