New Hope Corporation reports lapse of performance rights for KMP

New Hope Corporation Limited (NHC) announced the cessation of 104,516 unquoted performance rights (ASX: NHCAI) effective September 15, 2025. This cessation is attributed to the lapse of conditional rights to securities, as the stipulated conditions were either not met or became incapable of being satisfied. No consideration was paid by the entity for this cessation.

The performance rights were granted to key management personnel Robert J Bishop, Rebecca S Rinaldi, and Dominic H O'Brien under the company's employee rights plan. This forfeiture follows the vesting outcomes of the 2023 Series LTI, as detailed in the company's 2025 Annual Report.

Following this change, the total number of unquoted performance rights (ASX: NHCAI) now stands at 5,179,145. The number of quoted ordinary fully paid shares (ASX: NHC) remains unchanged at 842,800,780, and convertible notes (ASX: NHCAA) at 1,500.