AMP settles equity incentive awards in cash

AMP Limited reported the cessation of 107,576 unquoted rights (ASX code: AMPAB) on September 30, 2025. These rights, granted under the company's Equity Incentive Plan (EIP), have vested and were settled in cash. The company confirmed it is not paying any additional consideration for this cessation.

The cash settlement for these vested rights is equivalent to the market value of the award on the vesting day. This market value is determined by the five-day volume-weighted average price (VWAP) of AMP Limited shares leading up to the vesting date. Following this cessation, the total number of unquoted rights (AMPAB) on issue stands at 35,365,228.

The announcement also provided an update on the company's issued capital. AMP Limited's quoted ordinary fully paid shares (AMP) remain at 2,531,739,839, while quoted capital notes (AMPPB) total 2,750,000. Unquoted convertible notes (AMPAA) are 77,500. This update reflects the changes in the unquoted equity securities due to the recent cessation.