Worley expands share base following performance rights conversion

Worley Limited will add 1,513,731 new ordinary fully paid securities to its ASX quotation, following the conversion of performance rights. This move increases the total number of quoted ordinary fully paid securities to 514,707,970. The new securities were issued on September 30, 2025, and are expected to rank equally with existing issued securities.

The conversion stems from options exercised under the company’s employee equity incentive arrangements, with no cash consideration provided for these new securities. This issuance highlights the activation of employee incentives, transitioning performance rights into tradable shares.

Several key management personnel and their associates participated in this conversion, including Robert Christopher Ashton (105,190), Justine Travers (1,726), Mark Brantley (36,204), and Mark Trueman (25,727). Post-quotation, Worley's unquoted performance rights will stand at 6,314,152.