QBE details dividend share issuance, executive compensation changes

QBE Insurance Group Limited is set to quote 181,623 new ordinary fully paid shares on the ASX, issued under a dividend or distribution plan, with an issue date of 26 September 2025. These shares, priced at AUD 21.37 per security, will rank equally with existing issued securities. Key management personnel (KMP) also participated in this issuance, with individuals like Jason Harris receiving 808 shares and Sue Houghton receiving 2,317 shares, among others.

Alongside the new issuance, QBE reported the cessation of 226,708 employee conditional rights on 30 September 2025 due to conditions not being met or becoming incapable of satisfaction. Separately, the company announced the issue of 266,013 unquoted employee conditional rights (QBEAL) on 26 September 2025, granted under an employee incentive scheme. These rights are subject to transfer restrictions until the restriction period ends. Several KMP received these new conditional rights, including Andrew Horton (16,527 rights) and Fiona Larnach (4,445 rights).

Following these changes, the total quoted ordinary fully paid shares (QBE) will be 1,510,196,921, while unquoted employee conditional rights (QBEAL) will total 19,416,660 and subordinated convertible notes (QBEAJ) will be 288,121. Directors Andrew Horton, Stephen Ferguson, and Neil Maidment also reported changes to their interests, including the acquisition of additional ordinary shares and accrued notional bonus shares.