Westgold Resources to increase shares after performance rights conversion

Westgold Resources Limited (ASX:WGX) has announced an application for the quotation of 170,126 new fully paid ordinary shares following the exercise and conversion of performance rights. This conversion stems from existing performance rights, specifically 116,070 rights expiring on October 1, 2026, and 54,056 rights expiring on June 30, 2029. All converted securities will rank equally with existing issued shares from their issue date of September 23, 2025. The company confirmed that these new shares are being issued as a result of vested performance rights, with no cash consideration provided by the holders. An estimated value of AUD0.000000 per security has been ascribed to the consideration.

Following the quotation of these additional securities, Westgold Resources' total number of quoted ordinary fully paid shares (ASX:WGX) will increase to 944,831,564. The company also indicated that not all performance rights of these types have been exercised or converted, leaving 4,788,928 performance rights expiring October 1, 2026, and 4,133,184 performance rights expiring June 30, 2029, unquoted. These conversions were executed under an employee incentive scheme, and no key management personnel or their associates held the exercised or converted performance rights.